President Obama reacts after the Senate passed the emergency deficit reduction legislation, raising the debt ceiling just hours before the nation would have defaulted on its financial obligations.
Source: The White House
today in black history
August 23, 2026
Booker T. Washington founded the National Negro Business League in 1900, a groundbreaking vehicle for Black business ownership.
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Obama Signs Deficit Plan
Passed with just hours before default
POSTED: August 02, 2011, 12:00 am
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