Congress closing in on debt deal as deadline nears
By News on Jul 31, 2011
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Link: http://hosted.ap.org/dynamic/stories/U/US_DEBT_SHOWDOWN?SITE=JRC&SECTION=HOME&TEMPLATE=DEFAULT
WASHINGTON (AP) -- Racing the clock to avoid a government default, President Barack Obama and Republican congressional leaders closed in Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts....| « Obama, Congress reach a debt deal | Scores die as Syrian forces attack defiant cities » |

