Congress approves debt deal, averts U.S. default

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News Alert: Congress approves debt deal, averts U.S. default
August 2, 2011 12:51:58 PM
--------------------------------------The Senate approved a plan, 74 to 26, Tuesday that will increase the federal debt ceiling just hours before the Treasury said it could begin running out of money to pay the government's bills. The measure now goes to President Obama, who is expected to sign it shortly. The plan will cut the national debt by at least $2.1 trillion over the next 10 years with no immediate provision for tax increases.

http://link.email.washingtonpost.com/r/E5QODK/A7Y36O/W6E6X9/CBE3FL/XJGP0/ID/hFor more information, visit washingtonpost.com
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