Obama, Congress Reach Debt Deal

At long last: President Obama and Republican congressional leaders reached historic agreement tonight on a compromise to permit vital US borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts. Officials said John Boehner telephoned Obama at mid-evening to say the agreement had been struck….

Read the original post:
Obama, Congress Reach Debt Deal

Posted by on August 1, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.