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OPINION

Senate passes debt deal

Townhall Staff
Townhall Staff  |  Aug 02, 2011
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
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The Senate approved — and President Obama is likely to sign — $2.4 trillion in budget cuts and a roughly equal amount of additional debt capacity, ending months of gridlock.
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The 74-26 Senate vote came just in time to avoid an unprecedented default that Treasury officials predicted could happen if Congress didn't raise the $14.3 trillion debt limit by today.

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