The Senate voted overwhelmingly Friday in favor a $1.8 trillion package of spending bills and tax breaks, sending the legislation to President Obama’s desk for his signature. 

The 65-33 vote effectively wraps up the congressional session for the year, with the House and Senate adjourning for the holiday recess. 

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Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellHumanist Report host criticizes 'conservative Democrats:' They 'hold more power' than progressives Dobbs: Republicans lost in 2020 because they 'forgot who was the true leader' Biden's Cabinet gradually confirmed by Senate MORE (R-Ky.) hailed the vote as a major accomplishment fulfilling his 2014 campaign pledge to get the Senate back on track if voters gave Republicans control.

“But we’re proving that you can still get a lot done with a President from a different party,” McConnell said on the floor. “We’re proving you can actually enact significant, long-term reforms, achieve conservative policy goals, and get them signed into law.”

Senate Democratic Leader Harry ReidHarry Mason ReidHarry Reid 'not particularly optimistic' Biden will push to eliminate filibuster Schumer becomes new Senate majority leader Biden faces tall order in uniting polarized nation MORE (Nev.) said his party deserves credit for working with Republicans after they repeatedly filibustered his agenda in the past several Congresses.

“This session of the Senate has been a demonstration of what can happen when a minority is not trying to block everything,” he said.

The Senate’s presidential candidates split on the legislation.

Sens. Ted CruzRafael (Ted) Edward CruzSenate committee advances Biden's DHS pick despite Republican pushback Google suspends donations to lawmakers who voted against certifying election The Hill's Morning Report - Biden argues for legislative patience, urgent action amid crisis MORE (R-Texas), Rand PaulRandal (Rand) Howard PaulSenators discussing Trump censure resolution Senate GOP signals it's likely to acquit Trump for second time Trump ex-chief says Senate vote signals impeachment effort 'dead on arrival' MORE (R-Ky.) and Bernie SandersBernie SandersWhat the shift in Senate control means for marijuana policy reform Business groups prepare for lobbying push against minimum wage Schumer: Senate could pave way for reconciliation on COVID relief next week MORE (I-Vt.) voted no, while Sen. Lindsey GrahamLindsey Olin GrahamSenators spar over validity of Trump impeachment trial Trump selects South Carolina lawyer for impeachment trial Democrats formally elect Harrison as new DNC chair MORE (R-S.C.) voted yes. Sen. Marco RubioMarco Antonio RubioOVERNIGHT ENERGY: Court upholds ruling invalidating Dakota Access, but doesn't shut down pipeline | Schumer calls for Biden to declare climate emergency | Biden seeks to bolster consultation with Indian Country The Memo: Chances recede of GOP breaking with Trump Schumer calls for Biden to declare climate emergency MORE (R-Fla.) was the only presidential candidate to miss the vote.

The legislation increases defense and nondefense spending above the caps set by the 2011 Budget Control Act, reflecting a budget deal reached by Obama and congressional leaders earlier this year.

It places a two-year moratorium on two key pieces of ObamaCare: the "Cadillac tax" on expensive health plans and the medical device tax. It also freezes the premium tax on health insurers for one year.

In total, it reduces revenue for the landmark healthcare reform law by $35 billion.

The administration opposed postponing the Cadillac tax, which not only funds ObamaCare but is supposed to serve as an important incentive for curbing healthcare costs, but won several policy victories in exchange.

The bill will make permanent three core elements of Obama’s 2009 fiscal stimulus: expansions of the Child Tax Credit, the Earned Income Tax Credit and the American Opportunity Tax Credit for college tuition.

Republicans secured several permanent tax breaks for the business community, with the research and development tax credit and the Section 179 small-business expensing deduction among the biggest wins.

In other big concession to the GOP, the legislation lifts the decades-old ban on oil exports, which could boost domestic oil production by as much as 500,000 barrels a day.

In return, Democrats gained five-year extensions of wind and solar tax breaks. The legislation extends the 30-percent solar Investment Tax Credit (ITC) and the credit for solar-powered energy-efficient properties for three years, phasing it down in the final two. 

It extends the wind protection tax credit for two years before a three-year phase-down, ending in 2022.    

The House voted overwhelmingly to pass the $1.1 trillion omnibus spending bill and the $622 billion tax package separately in action earlier Friday. The cost of the tax legislation is not offset and will add to the deficit.

The two bills were merged into one and delivered to the upper chamber as a message from the House.  

Republican presidential front-runner Donald TrumpDonald TrumpBlinken holds first calls as Biden's secretary of State Senators discussing Trump censure resolution Dobbs: Republicans lost in 2020 because they 'forgot who was the true leader' MORE slammed GOP congressional leaders for busting the 2011 spending caps with the omnibus and pairing it with a massive unpaid-for package of tax breaks.

“In order to avoid a government shutdown, a cowardly threat from an incompetent president, the elected Republicans in Congress threw in the towel and showed absolutely no budget discipline,” he said in a statement. “The American people will have to absorb higher deficits, greater debt, less economic liberty and more corporate welfare.”

The vote caps weeks of intense negotiations that took place between the leaders of both chambers and the appropriations and tax-writing committees.

Democrats beat back waves of Republican riders that would have rolled back parts of the 2010 Dodd-Frank Wall Street Reform Act, limited the ability of the Environmental Protection Agency to regulate carbon emissions, and removed the limit on coordination between political parties and candidates.

The legislation, however, does include two riders blocking the administration from moving ahead with two key campaign finance regulations. It stops the Securities and Exchange Commission from requiring corporations to disclose their political giving and the IRS from issuing new rules governing the activity of 501(c)4 social welfare advocacy groups.

- This story was first post at 10:54 a.m. and has been updated.