Today is Friday, June 2nd, what you need to know about a big relief for the U.S. economy.

Congress passed a debt limit deal just days before the government was set to default.

And what other bill President Biden now plans to veto.

Also, how Arizona is responding to years of drought and water overuse by cutting off housing

development. Plus, who turned out for a high-profile royal wedding. Why there's a new warning about

not keeping too much money in payment apps like Venmo? And who made this year's list of wealthiest

women? Those stories and more news to know today coming up.

Welcome, welcome to The Newsworthy, all the days news in around 10 minutes. Fast,

fair, fun, and on the go. I'm Air Commandy. Thanks so much for being here. You ready? Let's do this.

Default averted. The U.S. Senate approved the deal to raise the debt ceiling,

sending it to President Biden's desk for his signature.

The final vote came down 63 to 36, with support from both Democrats and Republicans.

Most backers say they did have concerns about parts of it for various reasons,

but they all said the need to raise the country's borrowing limit outweighed any of those concerns.

The vote came just one day after the same bill overwhelmingly passed the House.

Of course, this is the one that includes a new spending limit in exchange for increasing the

debt limit for two years, which allows America to pay its bills. Though the bill cannot block future

emergency spending like if Ukraine needs more aid. Now President Biden says he's looking forward

to signing it, and he's going to address the nation about the compromise this evening,

the speech is set for 7 p.m. Eastern.

Even with news of won bipartisan compromise, another measure pretty much split Congress

right down the middle. It ultimately passed, but President Biden now plans to veto it.

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