Did you know choosing the train over your car can cut your carbon footprint by up to two thirds?

So, one family outing at a time, one little adventurer at a time, one trip to the museum, one dinner in the city, one nap on the way home at a time.

One train journey at a time can help create a greener future.

So when will you take your next trip? Find out more at nationalrail.co.uk slash greener.

The US will avert default as the Senate sends a deal to raise the debt limit to the White House.

So of course at the last minute policy makers in Washington have managed to get a deal together, but the fact that we had to go through this elaborate process,

it chips away a little bit at some of that US credibility.

Plus Washington floats nuclear arms control talks with Russia and Boeing's space ambitions hit yet another snack.

It's Friday June 2nd, I'm Luke Vargas with Wall Street Journal and here is the AM edition of What's News, the top headlines and business stories moving your world today.

And we begin in Washington, DC on this vote. The years are 63, the days are 36, the 60 vote threshold having been achieved. The bill is passed.

That is the sound of the Senate passing the deal to raise the US debt ceiling and avoid a catastrophic default.

The quick turnaround vote reflects support from both Democrats and Republicans with backers saying that the need to raise the nation's borrowing limit outweighed concern about provisions that were related to military and domestic spending as well as energy policy.

Here was Senate Majority Leader, Democrat Chuck Schumer.

This demanded a bipartisan solution. We knew we need to come together for a solution like the one that passed tonight. And so I'm happy to stand here passing this critical legislation to support our families, preserve vital programs and most importantly, avoid catastrophic default.

Senate Minority Leader, Republican Mitch McConnell, said that the deal moves Republican priorities in the right direction.

The speakers agreement cuts domestic discretionary spending while increasing support for veterans and the armed forces.

It locks in promising reforms to infrastructure permitting. It clause back, unspent COVID emergency funds. It slices bloated spending at the R.S.

The measure now goes to President Biden for his signature with several days to spare before Monday when the Treasury Department had said that the US government will run out of money to pay all of its bills.

And with us now to break down the significance of last night's activity in Washington is Richard Portis, a professor of economics and the academic director at the London Business School. Richard, welcome to what's news. Thank you for being with us.

Thank you. It's a pleasure to be with you. A lot of people were expecting the Senate to agree on a debt deal eventually, but perhaps not as quickly as they did, maybe a vote occurring over the weekend. But it all happened overnight. What does that tell us that senators got this done as quickly as they did?

You're absolutely right. When I got up this morning, London time at 6 o'clock and looked at the papers, the first thing I saw was debt deal expected or that vote expected over the weekend or on Monday itself. And I said, uh-oh.

And then the next story I read was that the debt deal had been passed, but there were 36 votes against it in the Senate and there were quite a lot of votes against it in the House and not just from the Freedom Caucus who had vigorously protested the bill, but from a range of some Democrats as well as some more moderate members of the Republican Caucus.

...