Day: August 1, 2011

Last night our lawmakers got a deal done to balance the budget and raise the debt limit. A powerpoint was released by Boehner’s officer:

But here are the highlights from Jake Tapper:

• More than $900 billion in deficit reduction over 10 years through discretionary spending caps . $350 billion of that comes from the Pentagon;
• Debt limit increased by at least $2.1 trillion — through 2013…see below for more on how that happens;