Washington Gets It Together; Markets Exhale

President Obama and congressional leaders announced a framework pact Sunday night that would prevent the United States from defaulting on its debts, agreeing to cut more than $2 trillion in federal spending over a decade in return for congressional approval to raise the ceiling on how much the government can borrow.

http://blogs.forbes.com/jeremybogaisky/2011/07/31/washington-gets-it-together-markets-exhale-in-relief/

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