Debt Ceiling Deal Reached

Image from source, ABC News

Thank goodness. Now there will be several days of post-mortem on this thing (assuming something doesn't derail it), and then we can hopefully drop the whole issue for a while. I'm sick of it, you're sick of it, let's just be done with it.

[Excerpt]


Obama, Congress Reach a Debt Deal

Racing the clock to avoid a government default, President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts. . . 

Read more at: ABC News