Budget Deal Foreshadows Larger Fight Ahead

The last-minute resolution on 2011 was a victory for Republicans, and helped President Obama preserve his standing. But the wrangling offers little hope for an easy resolution to the next fight: lifting the U.S. debt ceiling.House Speaker John A. Boehner and congressional Republicans wrung a significant victory out of this weekend's budget deal: They decisively shifted the focus in Washington away from spending and toward austerity, slashing government more steeply than expected and redeeming a pledge to voters in last year's election.

 

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