US Debt Deal, US Debt, Debt Deal, US Debt Clock, US Cuts Spending, To Avoid Default, US Debt Ceiling - YReach.com

US President Obama and the Congress has struck a deal to cut about $2.4 trillion from federal spending over the next 10 years. This has been done to avoid default in face of huge debt. 'There is no way either party in either chamber can do this alone,' said Sen. Harry Reid from Nevada. He said this deal would not have been possible cutting across the 'bi-partisan' lines. Neither the Democrats nor the Republicans could have brought that to effect alone, he said. The bill is in the larger interest of the American economy... Read More>>>