While most of America slept, the U.S. Senate voted... passing a two-year budget.

FOX News Radio's Rachel Sutherland reports from Washington:

The spending bill averts a partial government shut down in December.... Senator and Republican Presidential candidate Rand Paul opposed the deal... which also raises the debt ceiling.

(Paul) "That means we're going to let President Obama borrow an unlimited amount of money in his last year in office... and I think that's a serious mistake."

The legislation boosts spending on the Pentagon and domestic agencies. The White House has praised the agreement, saying it provides substantial relief from harmful spending cuts while protecting people who rely Social Security and Medicare.

In Washington, Rachel Sutherland, FOX News Radio.

(AP Photo/Pablo Martinez Monsivais)
(AP Photo/Pablo Martinez Monsivais)

The President is set to sign the budget deal.

FOX News Radio's Jon Decker reports from the White House:

The spending bill passed by the Senate just hours ago boosts military and domestic spending and most importantly averts a partial government shut down in December. The bill also raises the debt limit through 2017.

In a statement this morning the President said he applauds the Democrats and Republicans who helped to pass what he called "a responsible, long-term budget agreement that reflects our values, grows our economy and creates jobs."

The President said he will sign the the bill once it reaches his desk.

At the White House, Jon Decker, FOX News Radio.