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Louis Brown’s Street Smart Systems » Washington reaches last-minute debt-ceiling deal
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post Washington reaches last-minute debt-ceiling deal

July 31st, 2011

Filed under: News — Louis Brown @ 9:05 pm

President Barack Obama late Sunday announced that a deal has been reached with Congress on raising the nation's debt ceiling that will avert a national economic crisis. Obama, in an news conference, said the agreement will "allow us to avoid default and end the crisis Washington imposed on the rest of America." The federal government is facing a Tuesday deadline for raising the debt limit. Without action by then, federal Treasury officials have said, the nation risks defaulting on debt previously approved by Congress…

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