Tuesday, August 2, 2011

Senate to Vote on Debt Ceiling Compromise on Tuesday

by Ayvaunn Penn, Your Black World

The ball is finally rolling with the debt-deal debate. On Sunday, President Obama reached an agreement with the Democrats and Republicans of Congress. The deal entails $2.4 trillion be saved over the next ten years while also raising the debt ceiling through 2012. The deal also calls for a special congressional committee designated just for recommending long-term fiscal reforms.

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