Obama signs debt deal

With just hours to spare before the deadline, President Obama signs the deficit reduction bill into law to raise the nation's debt ceiling after the Senate approved the measure by a 74-26 vote.

Debt Ceiling: Budget Experts See Deal as 'Spit in the Ocean' - [Excerpt] "This package claims to reduce about $2.5 trillion from what the debt otherwise would have been; but the discretionary spending caps I discussed are just slowed growth. ... When we think about how big the problem is, with the retirement of the Baby Boom (generation), with low revenue coming in as a result of the financial crisis and the economic slowdown, we've got a much bigger problem than $3 trillion of vague cuts can address." Read more at Fox News...