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After a long and heated debate, President Obama has signed into law a compromise that will reduce the deficit and avert a default on our obligations that would have devastated our economy.
To help explain this compromise, we’ve put together an infographic that explains what’s in it and what will happen in the coming months:
On Tuesday, President Obama spoke about the compromise and urged Congress to immediately take steps to create new jobs, raise wages, and spur economic growth.
Watch the video and read the President's statement.
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