Obama Annouces Deal, Debt Impasse To End Soon

By: EW News Desk Team   Date: 31 July 2011

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EW News Desk Team

Latest news about the state of the world economy.

EconomyWatch, News Desk Team


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31 July 2011

US President Barack Obama announced a last minute deal between Republican and Democratic leaders to reduce the US deficit and avoid a default, but warned that measures might not be sufficient to prevent a credit rating downgrade.

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