Obama, Congress Reach A Debt Deal(?)

Obama, Congress Reach A Debt Deal(?)


Let’s hope this all work out.

“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.

Default “would have had a devastating effect on our economy,” Obama said at the White House, relaying the news to the American people and financial markets around the world. He thanked the leaders of both parties.

House Speaker John Boehner telephoned Obama at mid-evening to say the agreement had been struck, officials said.”

With MANY THANKS To AP And David Espo. Read More Here:\”Obama, Congress Reach A Debt Deal\”

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