It’s a deal: Obama, Congress will avert default


Senate Minority Leader Mitch McConnell, R-Ky., is all smiles as he walks to the Senate floor to announce that a deal has been reached on the debt ceiling on Capitol Hill in Washington, Sunday, July 31, 2011.(AP Photo/Harry Hamburg)

WASHINGTON (AP) — Ending a perilous stalemate, President Barack Obama and congressional leaders announced a historic agreement Sunday night on emergency legislation to avert

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