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
July 26, 2025
The Republic of Liberia, founded by the American Colonization Society to resettle freed African slaves, gains independence in 1847.
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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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