“The 74-26 vote in the Senate paves the way for President Barack Obama to sign the bill into law. The vote came a day after members of the House of Representatives passed the bill, which raises the government's debt ceiling by at least $2.1 trillion and cut federal spending by $2.4 trillion over 10 years… Despite the deal, global stock markets tumbled Tuesday after data fuelled fears the U.S. might be sliding back into recession.” You mean the market and investors were not fooled by calling even more deficit spending a debt ceiling deal? Shocking. I bet Obama claiming victory won’t save our credit rating either. Much like any other household with too much debt to qualify for another loan.
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