Monday, July 18, 2011

Debt deal is looking closer

WASHINGTON - A bipartisan effort in the Senate to allow President Obama to raise the federal debt ceiling in exchange for about $1.5 trillion in spending cuts over 10 years gained momentum Sunday, as leaders agreed they would have to act in the next two weeks to avert a potential default by the U.S. government.

Source: http://www.philly.com/r?19=961&43=166721&44=125729413&32=3796&7=195342&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Ffront_page%2F20110718_Debt_deal_is_looking_closer.html

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