Which Way, L.A.?
The Grim Aftermath of the Debt Deal
Shortly after the Senate past the deficit-reduction bill, President Obama signed it, and the US has met tonight's debt-ceiling deadline. But the President said it was all the result of a " manufactured crisis ."
By Warren Olney • • 1 min readShortly after the Senate past the deficit-reduction bill, President Obama signed it, and the US has met tonight's debt-ceiling deadline. But the President said it was all the result of a "manufactured crisis." The US will be able to pay its bills, but what's the impact of the hard-won deficit-reduction agreement on jobs, the economy and America's credit rating?
Photo: Senator Harry Reid (D-NV) addresses the press after the Senate passed the Budget Control Act of 2011.
