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Crossover: US debt deal: Expectations for Federal Reserve

08-03-2011 13:09 BJT

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For more on the US debt deal, we spoke earlier to our correspondent Nathan King from New York. He briefed us on market expectations for the Federal Reserve after the deal is done.

 

U.S. Senate passes debt deal hours before deadline

The specter of a U.S. debt default is buried, as the Senate passed a deficit-cutting package Tuesday, hours before the deadline. It will cut the country's bulging deficit and lift the 14.3 trillion dollar debt ceiling, carrying it beyond the November 2012 Presidential election. Full story >>

U.S. President Barack Obama speaks to the media at the White House in Washington D.C., the United States, Aug. 2, 2011. The U.S. Senate Tuesday passed a last-minute bipartisan debt ceiling deal to stave off a looming debt default crisis. (Xinhua/Zhang Jun)

Senate Majority Leader Harry Reid (D-NV) stands with Senator Charles Schumer (D-NY) and Senator Dick Durbin (D-IL) as he talks to reporters about the senate's vote on debt ceiling legislation on Capitol Hill, August 2, 2011.
REUTERS/Jonathan Ernst

Editor:Zhang Dan |Source: CNTV.CN

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