Ceiling the Deal


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The debt ceiling debacle is over for now.  A done deal has been reached. 

http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_breakdown_of_deal/?hpt=hp_p1&iref=NS1

On Monday, Congress will start voting on a last-minute debt ceiling deal that would keep the country out of default and reduce deficits by at least $2.1 trillion over a decade.

Whether the deal might also avert a first-ever credit downgrade for the United States is not clear, since ratings agency Standard & Poor’s indicated it was looking for a credible, bipartisan plan that had at least $4 trillion of debt reduction.

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About heloise8

Meaning of "trough" -- Trough is the bottom of a transverse wave. And generically means a low point or a place to fill. Venus is related to this meaning. Veins are to be filled, and venusian people are loving. The left is more venusian than the right, hence The Trough--where Heloise helps the great and the small. Heloise the politico from Blogcritics.org. Physics preacher, blogger, gardener, beach lover, book lover, writer, author.

Posted on August 1, 2011, in Uncategorized and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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