Yep last minute deal just as expected, tomorrow the senate votes on it and most likely this is a done deal before the market closes tomorrow. Notice how easy this was, and everyone was worried about this not passing by August 2nd, bunch of fools and media hype, did anyone really believe this deal wasnt going to get done, by tomorrow after noon the debt ceiling will be raised by more trillions as the spending continues and continues and continues and continues!!!!!!!! House Passes Debt-Ceiling Bill; Senate to Vote Tuesday CNBC.com | August 01, 2011 | 07:44 PM EDT The House of Representatives Monday approved an 11th-hour deal to raise the U.S. borrowing limit, clearing the biggest hurdle to averting a potentially catastrophic U.S. debt default. Just one day before the deadline to lift the debt ceiling , the House passed the bill, 269 to 161.
A pretty good article that talks about how bad the economic conditions are in the US and how much worse they are going to get. There's a long road ahead and it's going to be a bumpy one. http://finance.yahoo.com/banking-bu...-than-you-think-businessweek?mod=bb-budgeting