- BREAKING NEWS
- WASHINGTON, July 31 (Reuters) - President Barack Obama announced on Monday that Democrats and Republicans leaders have reached an agreement to reduce the U.S. deficit and avoid default.
- Obama said the agreement will cut about $1 trillion over 10 years.
- U.S. President Barack Obama (R) is flanked by advisors including press secretary Jay Carney (L) and Vice President Joe Biden (4th L) as he delivers remarks on the debt ceiling crisis in the briefing room at the White House in Washington July 31, 2011.
- U.S. President Barack Obama departs after delivering remarks on the debt ceiling crisis in the briefing room at the White House in Washington, July 31, 2011. REUTERS/Jonathan Ernst (UNITED STATES - Tags: POLITICS)
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