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White House, Congressional Leaders Reach Debt Deal
July 31, 2011 While still not a 100% done deal at this moment, it is encouraging news. Just like we did under George W. Bush, we again appeared poised to raise the debt ceiling under Barack Obama as part of a last minute deal.
Two days before the deadline for a possible U.S. government default, President Barack Obama and congressional leaders reached agreement Sunday on a legislative package that would extend the federal debt ceiling while cutting spending and guaranteeing further deficit-reduction steps.
The proposed deal, which still requires congressional approval