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Congress moving quickly on debt and spending deal

BY: Associated Press
POSTED: August 1, 2011
Tags: , , , , , , , ,

Congress is moving quickly on an agreement to avert a potentially devastating default on U.S. obligations, with legislation that mixes a record increase in the government’s borrowing cap with the promise of more than $2 trillion in spending cuts. After a tense weekend of bargaining, President Barack Obama and congressional leaders announced the agreement Sunday [...]


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Trees are reflected in the façade of laboratory building under construction last month on Johns Hopkins' Homewood campus. Photo taken by John Robinson of Baltimore.

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