07/18/2011 08:33 am ET | Updated Sep 17, 2011

Congress Tees Up Crucial Votes On Debt Limit

A bipartisan effort in the Senate to allow President Obama to raise the federal debt ceiling in exchange for about $1.5 trillion in spending cuts over 10 years gained momentum Sunday, as leaders agreed they would have to act in the next two weeks to avert a potential default by the U.S. government.

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