Eleventh-Hour Debt Deal Reached

August 1, 2011 | By Liza Casabona | Post a Comment

So it’s d-day, and by that I mean debt deal day. Leaders in the two political parties hammered out a deal over the weekend to avert the default on the country’s debt that would have occurred tomorrow if Congress failed to raise the debt limit. The package has yet to come up for a vote in either chamber, but that’s expected today following a series of meetings in which leaders of both parties peddle the deal to the rank-and-file who have to pass it.

If you’re interested in the details, the White House breakdown is here, and the GOP PowerPoint presentation about the deal is here.

And if you’re still captivated by the nitty gritty play-by-play, The Huffington Post is live blogging today’s developments here, including some of the mixed reactions from politicians and pundits from across the political spectrum.

As for us, we’ll start digging into what the cuts will mean for grant programs and the communities and individuals who are supported by them.

How do you expect that the debt ceiling deal will impact you and your organization’s grant-related activities?


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