On Jul 31, 9:35 pm, dick thompson <rhomp2...@earthlink.net> wrote:
> Be interesting to see how this is all presented by the media
>
>
>
> [ Attached Message ]From:"Boston.com Newsletters" <newslett...@boston.com>To:"" <rhomp2...@earthlink.net>Date:Sun, 31 Jul 2011 20:57:06 -0400 (EDT)Local:Sun, Jul 31 2011 8:57 pmSubject:Breaking News Alert: Debt deal reachedPresident Barack Obama and Republican congressional leaders reached agreement Sunday night on a compromise to permit vital US borrowing by the Treasury in exchange for long-term spending cuts. No votes are expected in either house of Congress until Monday at the earliest.
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> [ Attached Message ]From:NYTimes.com News Alert <nytdir...@nytimes.com>To:rhomp2...@earthlink.netDate:Sun, 31 Jul 2011 20:57:30 -0400Local:Sun, Jul 31 2011 8:57 pmSubject:News Alert: Congressional Leaders Have Agreement Framework Deal on Debt; Will Present Deal to Party Members on MondayBreaking News Alert
> The New York Times
> Sunday, July 31, 2011 -- 8:45 PM EDT
> -----
>
> Congressional Leaders Have Agreement Framework Deal on Debt; Will Present Deal to Party Members on Monday
>
> The Democratic and Republican leaders of the Senate announced Sunday night that they had reached a deal to raise the nation's debt ceiling and avert a default.
>
> President Obama spoke moments later at the White House, telling reporters that "the leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid a default."
>
> "My message to the world tonight is that this nation and this Congress are moving forward and we are moving forward together," Senator Harry Reid of Nevada said from the floor of the Senate.
>
> Senator Mitch McConnell of Kentucky, the Republican leader, said, "There is now a framework to review that will ensure significant cuts in Washington's spending."
>
> The announcement came even as House Speaker John A. Boehner was holding a conference call with his Republican members.
>
> Read More:http://www.nytimes.com/?emc=na
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> [ Attached Message ]From:"WRKO Breaking News" <insi...@wrko.com>To:rhomp2...@earthlink.netDate:Sun, 31 Jul 2011 21:14:29 -0400Local:Sun, Jul 31 2011 9:14 pmSubject:President Obama, Congress reach a debt deal
>
> July 31, 2011
>
> President Obama, Congress reach a debt deal
>
> WASHINGTON (AP) - Ending a perilous stalemate, President Barack Obama announced agreement Sunday night with Republican congressional leaders on a compromise to avoid the nation's first-ever financial default. The deal would cut more than $2 trillion from federal spending over a decade.
>
> Default "would have had a devastating effect on our economy," Obama said at the White House, relaying the news to the American people and financial markets around the world. He thanked the leaders of both parties.
>
> No votes were expected in either house of Congress until Monday at the earliest, to give rank-and-file lawmakers time to review the package.
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