Barack Obama
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US President Barack Obama statement after debt bill vote

The US Senate has approved a bill to raise the nation's debt limit, a day after the House of Representatives backed it and hours before a deadline to avoid a federal default.

The deal ties a $2.4tn (£1.5tn) debt increase to spending cuts.

President Barack Obama is making statement from the Rose Garden at the White House following the Senate vote.

  • 02 Aug 2011