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Senate passes measure to raise US debt limit

The Senate early Thursday passed a stalled bill raising the public debt limit which President Reagan said is needed for the federal government to continue borrowing to pay its bills.

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The bill, raising the current debt ceiling from $1.389 trillion to $1.45 trillion, must be reconciled with a different House bill passed in June.

Legislation including a proposal for an additional $8.4 billion for the International Monetary Fund was still on the agenda although Congress was scheduled to adjourn today.

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