published Sunday, July 31st, 2011

Debt deal to prevent default in place

WASHINGTON—Both the Republican and Democratic leaders of the Senate are throwing their weight behind a debt-limit agreement sealed with President Barack Obama and top leaders of Congress.

Democratic Majority Leader Harry Reid said that both his party and opposition Republicans gave more ground than they wanted to. He said it’ll take members of both political parties to pass the measure.

Minority Leader Mitch McConnell said that the pact “will ensure significant cuts in Washington spending” and he assured the markets that a first-ever default on U.S. obligations won’t occur.

Both the leaders said they will brief their colleagues tomorrow on the details of the agreement.

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Schubie said...

Hopefully, this chapter is history. Brinksmanship, however, is no way to govern.

July 31, 2011 at 10:40 p.m.
Selah said...

What a pitiful showdown...

July 31, 2011 at 10:46 p.m.
timbo said...

Wimped out again on fixing the debt problem. We are finished. I guess we don't have any way out now. Probably did not anyway. I guess you idiots can keep your government jobs and entitlements until the money runs out. It is amazing you people just don't get it.

August 1, 2011 at 1:21 a.m.
EaTn said...

With a 20% actual unemployment and facing a double-dip recession, now maybe the government will cut the spending and let the wealthy tax cuts kick-in to save the economy.

August 1, 2011 at 7:17 a.m.
timbo said...

what we are facing is bankruptcy .it is take a little medicine now or radiation and chemo later . this is just stupidity . I hope it doesn't pass the house

August 1, 2011 at 7:27 a.m.
grandmastaj said...

Sounds like some sour grapes from the far right nut contingency.

August 1, 2011 at 8:10 a.m.
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