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AP Source: Debt Deal to Prevent Default in Place

By: Decomposed in ROUND | Recommend this post (0)
Mon, 01 Aug 11 4:32 AM | 27 view(s)
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AP Source: Debt Deal to Prevent Default in Place

By BEN FELLER AP
White House Correspondent
WASHINGTON August 1, 2011 (AP)

A Democratic official tells The Associated Press that the White House and Republicans in Congress have reached a debt deal to prevent the first government default in U.S. history.

The official said House Speaker John Boehner and President Barack Obama spoke by phone Sunday evening. The official spoke on condition of anonymity because the deal has not yet been announced. Obama was to go on TV at 8:40 p.m. EDT.

Full story: http://abcnews.go.com/US/wireStory?id=14201433

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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