Tuesday, August 2, 2011

Facts of the deal

Factbox: Key elements of debt deal

(Reuters) - President Barack Obama announced on Sunday that Republican and Democratic leaders had agreed on a last-ditch deal to raise the U.S. borrowing limit and avoid a catastrophic default, and he urged lawmakers to "do the right thing" and approve the agreement.
Here is a summary of the deal, based on documents provided by both parties, as well as interviews with lawmakers and aides: ...
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Comment: The debt deal is done, now the real trouble will begin.

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