Obama announces debt deal


After weeks of acrimonious impasse and with the final outcome hinging on support from recalcitrant lawmakers, Obama pressured Congress to pass the deal.

“I want to urge members of both parties to do the right thing and support this deal with your votes over the next few days,” Obama said in a televised address at the White House on Sunday night.

But Obama, like congressional leaders, noted that it was not the deal that he would have preferred but it was a compromise.

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