debt ceiling

WASHINGTON, DC - August 2: (L-R) The Senate Democratic Party leadership, Senate Majority Leader Harry Reid (D-NV), Senators Chuck Schumer (D-NY), Patty Murray (D-WA), and Dick Durbin (D-IL) speak to reporters after the Senate passes a budget agreement to raise the debt ceiling and reduce the deficit by 2.4 trillion dollars after months of partisan battles, on Capitol Hill, Tuesday August 2, 2011. President Obama could sign it into law before the government’s borrowing authority is set to run out at midnight tonight. (Photo by Melina Mara/ The Washington Post)

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