Congress approves increase in U.S. debt ceiling
Obama calls the debt-ceiling legislation an “important first step” in ensuring the nation lives within its means.
5 Seconds
Aug. 2, 2011
President Obama signs the Budget Control Act of 2011 in the Oval Office. The Senate approved the bill shortly before the Obama signed it by a vote of 74 to 26. The House passed the same bill a day earlier by a vote of 269 to 161.
Pete Souza / The White House
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