The Grim Aftermath of the Debt Deal

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After the Debt Deal, What Now?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." 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.




Warren Olney