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CNN
CNN
30 May 2023
Tami Luhby


NextImg:Obama agreed to $2.1 trillion in spending cuts to end 2011 debt ceiling crisis. Here's what happened next. | CNN Politics

The nation is days away from defaulting on its obligations. The Republican House speaker, pushed by conservatives in his party, demands deep spending cuts. The president, a Democrat, works on negotiating a package to avert a fiscal calamity.