Congressional leaders reach agreement over debt ceiling
July 31st, 2011
08:42 PM ET
12 years ago

Congressional leaders reach agreement over debt ceiling

(CNN) - Two days before the deadline for a possible U.S. government default, President Barack Obama and congressional leaders reached agreement Sunday on a legislative package that would extend the federal debt ceiling while cutting spending and guaranteeing further deficit-reduction steps, Senate leaders announced.

Filed under: Congress • Debt • Deficit • House • Senate
soundoff (5 Responses)
  1. pmk1953

    The tpers will find a way to fork it up. Just because they can.

    July 31, 2011 09:50 pm at 9:50 pm |
  2. Palin Power

    This is a sign that this country needs President Sarah Palin. Only she has the power from God Herself to completely fix this fiscal mess. She will drive our national debt and debt ceiling down to ZERO. President Palin will cut across the entire board and balance the budget in her 1st year. She will create greater surpluses than Clinton with less taxes than Dubya in her remaining 7 years. Her successor Michelle Bachmann will continue the great work President Palin will do and maintain the surpluses.

    July 31, 2011 10:00 pm at 10:00 pm |
  3. A Real American

    Lovely! Oh well, like everything else out of Washington for the last 30 years, this deal will accomplish the following: make the rich richer, make the middle class poorer and make the poor, well, who cares about them, they're only poor because they're lazy. Capitalism is eating itself by killing off demand and I'm loving it every time some ignorant hick here in the red states loses his home or retirement. Keep voting corporatist, teabaggers.

    July 31, 2011 10:41 pm at 10:41 pm |
  4. kat

    Sometning's up! I smell a RET

    August 1, 2011 01:31 am at 1:31 am |
  5. Wise1Speak


    Shame on you Mr. President! Shame on you Senator! The world just watched Tea Party Republicans force you to fold like a house of cards. Why would any world leader respect any of you when you draw the line in the sand for revenue, but then let the Tea Party Republicans chump you down like a school kid who gives over his lunch money.

    Both of you have lost the respect of a lot of Independents and do not expect my vote this November 2012. I might as well vote Tea Party Republican since the both of you been doing their bidding since 2010.

    August 1, 2011 04:27 am at 4:27 am |