Contact Us

President Obama, Congressional Leaders Reach Debt Deal, Plan to Face Vote

President Barack Obama said Sunday night that he and Congressional leaders had reached a debt deal that cuts trillions in federal spending. The debt ceiling plan was set to face a vote on Monday in hopes of enacting it before a Tuesday deadline, thus averting default, The New York Times reported.

Brendan Smialowski, Getty Images

In a news conference on Sunday, Obama said the compromise “ensures also that we will not face this same kind of crisis again in six months, or eight months, or 12 months … And it will begin to lift the cloud of debt and the cloud of uncertainty that hangs over our economy.”

The proposal calls for $2.4 trillion in spending cuts over the next 10 years.

If the deal is approved, a special joint committee would be formed to explore deficit reduction.

Watch Obama’s Sunday night comments on the plan in the video below.

[The New York Times]

Best of 102.7 KORD

Recommended For You

Around the Web

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://1027kord.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KORD VIP quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KORD VIP contests, events, coupons, presales, and much more delivered to you for FREE.