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
June 29, 2026
The NAACP established the Spingarn Award in 1914, named for chairman Joel Spingarn, for the purpose of celebrating Black achievement.
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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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