UPDATE:

By a vote of 269 to 161, the House has passed the Bill to raise the debt limit.

95 Democrats said YES, 95 Democrats said NO

174 Republicans said YES, 66 Republicans said NO

Listen HERE to House Speaker John Boehner announcing the vote has passed:

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The Senate is expected to vote Tuesday morning.

Arizona Congresswoman Gabrielle Giffords voted on the House Floor for the first time since being shot in January.  She voted YES to the measure.

Listen HERE to other members of the House clapping for Giffords:

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Watch VIDEO of Giffords on the House Floor HERE:

President Obama announced Sunday night from the White House briefing room that an agreement was reached to raise the debt limit and thwart the first Government default in U.S. History.

FOX News Radio's Rich Johnson has more from the White House...

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The plan still needs to pass through both chambers of Congress...and fast.

FOX News Radio's Jared Halpern has that side of the story from Capitol Hill...

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As Fox News Radio White House Correspondent Mike Majchrowitz reports, the White House is now trying to sell the new debt deal to the skeptical members of Congress:

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Listen HERE to clips of President Obama's remarks:

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As the Senate opened its session Monday, the debt ceiling took center stage on the floor even before legislative business began.

Rear Adm. Barry Black, the Senate's Chaplain, delivered the opening prayer, asking for the Senators to find strength and cooperation in resolving the debt crisis...

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Vice President Joe Biden met Monday with the Senate and House Democratic Caucuses, looking for enough votes to pass the deal reached over the weekend.

Listen to what the Vice President had to say after his meeting, HERE:

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House Speaker John Boehner spoke about the bill at a press conference on Monday.

Listen to some of what Speaker Boehner had to say, HERE:

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Tune into your local FOX News Radio affiliate for all the latest on this story.