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Obama Says Congress Has Reached a Debt Ceiling Agreement

Senator Reid has approved a bipartisna deal.

“The framework would raise the $14.3 trillion debt ceiling through 2012, cut spending by about $1 trillion and call for enactment of a law shaving another $1.5 trillion from long-term debt by 2021 — or institute punishing reductions across all government areas, including Medicare and defense programs, according to congressional officials.”

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