President Obama speaks in support of the bipartisan deal to reduce the deficit and raise the debt limit

31/07/2011. Tonight, President Obama spoke in support of a bipartisan deal to reduce the nation’s deficit and avoid default. It extends the debt limit to 2013, removing the cloud of uncertainty over our economy and ensuring that no one will be able to use the threat of default now or in only a few months for political gain. The bipartisan compromise assures that the United States meets its obligations – including monthly Social Security checks, veterans’ benefits, and the government contracts we’ve signed with thousands of businesses.

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