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Obama Announces Deal Reached to End Debt Crisis

Sunday, 31 Jul 2011 08:55 PM

 

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WASHINGTON (Reuters) - President Barack Obama announced on Monday that Democrats and Republicans leaders have reached an agreement to reduce the U.S. deficit and avoid default.

Obama said the agreement will cut about $1 trillion over 10 years. (Reporting by JoAnne Allen)

© 2014 Thomson/Reuters. All rights reserved.

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