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US: Congressional Leaders Approve Debt-Limit Increase
| From : Kshitij Prabhudesai at 06:58 AM - Aug 01, 2011 ( ) |
Share it on FacebookPresident Barack Obama said tonight that leaders of both parties in the U.S. House and Senate had approved an agreement to raise the nation’s debt ceiling and cut the federal deficit.
“The leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid default,” Obama said at the White House.
Congressional leaders are sifting through the details of the tentative bipartisan agreement to raise the debt ceiling, preparing to sell the deal to skeptical Republicans and Democrats ahead of possible votes tomorrow.
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