Obama, Congress reach a debt deal
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) -- Ending a perilous stalemate, President Barack Obama announced agreement Sunday night with Republican congressional leaders on a compromise to avoid the nation's first-ever financial default. The deal would cut more than $2 trillion from federal spending over a decade....| « Boehner: Budget pact lives up to GOP principles | Congress closing in on debt deal as deadline nears » |

