US Debt Ceiling Raised, but Damage Far-Reaching

The US federal government raises limit on borrowing and cuts spending, enough to keep it afloat until 2012 elections.
US Debt Ceiling Raised, but Damage Far-Reaching
President Obama said the debt ceiling agreement was not his preferred choice but it would allow the government to avoid default. Jewel Samad/AFP/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/120202866.jpg" alt="President Obama said the debt ceiling agreement was not his preferred choice but it would allow the government to avoid default. (Jewel Samad/AFP/Getty Images)" title="President Obama said the debt ceiling agreement was not his preferred choice but it would allow the government to avoid default. (Jewel Samad/AFP/Getty Images)" width="320" class="size-medium wp-image-1799975"/></a>
President Obama said the debt ceiling agreement was not his preferred choice but it would allow the government to avoid default. (Jewel Samad/AFP/Getty Images)
Shar Adams
Shar Adams
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