MSNBC is reporting that President Obama says that leaders of both parties have reached a deal on the debt-ceiling limit.
Oh, the show hasn't started yet.
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"Nobody made a greater mistake than he who did nothing because he could do only a little." Edmund Burke.
| Rock River in Lowell Park |
| Lowell Park |
| Where Reagan saved 77 lives |
| Sunset east of Dixon--June 6, 2011 |
•Debt ceiling increase of up to $2.8 trillionTechnorati tags:
•Spending cuts of roughly $1 trillion
•Special committee to recommend cuts of $1.8 trillion (or whatever it takes to add up to the total of the debt ceiling increase)
•Committee must make recommendations before Thanksgiving recess
•If Congress does not approve those cuts by late December, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare.