Budget deal would avoid U.S. credit crunch
Washington - House GOP leadership emerged from a two-hour closed-door meeting with the news that they will move a possible collapse of government operations back by 3 months by delaying a decision on the debt ceiling.
The move came in defiance of President Barack Hussein Obama's insistence that he won't have a monthly confrontation over whether the government can pay its bills - or face the prospect of draconian cuts to Pentagon programs through automatic triggers imposed when a bipartisan conference of Congressional leaders failed to reach an agreement on spending cuts in mid-2012.
Tuesday, January 22, 2013
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