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msnbc.com: Politics

$2 trillion in cuts: Key vote looms after debt deal Republicans and Democrats in Congress reached agreement with President Barack Obama to raise the limit on U.S. borrowing and forestall an unprecedented American default. Highlights of budget and debt limit pact President Barack Obama and top congressional leaders have reached an agreement on a plan to pair an increase in the nation's $14.3 trillion borrowing limit with spending cuts and to create a special committee to recommend bigger savings for a vote later this year. The plan would: Washington strikes deal on debt ceiling Ending a perilous stalemate, President Obama and congressional leaders announced an agreement Sunday night on emergency legislation to avert the nation's first-ever financial default. Niceness aside, Huntsman finds fault with rivals A diplomat to the core, Jon Huntsman is well known as a likable guy, but recently he's found subtle ways to fault his rivals. Pataki says he’s ‘considering’ White House run Former New York Gov. George Pataki told reporters “I will be very involved in some way, whether it's as a candidate or supporting another candidate or some other capacity." Copyright 2011 msnbc.com RSS URL: http://rss.msnbc.msn.com/id/3032552/device/rss/rss.xml

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