Debt deal done

August 2, 2011 1:06:23 PM PDT
Was all this really necessary? That's the question many Americans are now asking about the right-to-the-edge drama by both parties in Washington over the debt limit crisis.

The Senate today overwhelmingly passed the compromise bill ? following the House approval last night. Worth noting: New York U.S. Senator Gillibrand and New Jersey's two U.S. Senators Lautenberg and Menendez voted against it, saying it hurts poor people and included no tax increases for the wealthy.

But the U.S. will not default on its obligations tonight at midnight, and those elected to do the peoples' business can now get back to the business of trying to dig this country out of its economic malaise.

Or at least, we can hope they will try to do that. Because experts make it clear: We can talk about cutting spending and upping taxes all we want, but until more jobs started getting created, it's a little like rearranging deck chairs on a big ocean liner that's just hit an iceberg.

I'm just sayin'.

The public's frustration over the entropy in Washington may be nearing a high, and it's hard to argue against that anger.

We'll have the latest on the fallout and reaction, tonight at 11.

We'll also have any breaking news of the night, plus Meteorologist Lee Goldberg with his AccuWeather forecast (including the clean up from last night's vicious storms that moved through, and the path of Tropical Storm Emily ? is it bearing down on Haiti?), and Rob Powers with the night's sports. I hope you can join Sade Baderinwa and me, tonight at 11.


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