It's a deal: Obama, Congress will avert default

WASHINGTON (AP) -- Ending a perilous stalemate, President Barack Obama and congressional leaders announced agreement Sunday night on an emergency deal to avoid to avert the nation's first-ever financial default. The arrangement would cut more than $2 trillion from federal spending over a decade. The ...

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• Obama presses Republicans on debt deal‬‏ - YouTube


US President Barack Obama heaped pressure on his Republican foes in Congress Wednesday to accept some tax hikes on the wealthiest earners as part of a deal t...