英语新闻阅读：白宫与国会达成债务上限协议

英语自学网

　　U.S. President Barack Obama has reached an agreement with congressional
leaders on a compromise deal to raise the nation's limit on borrowing and keep
the government from an unprecedented default.Mr. Obama said Sunday night that
the proposed deal cuts about $1 trillion in spending over 10 years and sets up a
bipartisan panel in Congress to consider up to $1.5 trillion in further
reductions. He said that panel will consider all options, including tax
increases and cuts to social welfare programs like Medicare. If the panel fails
to reach agreement, then the deal requires automatic spending cuts.
        　　Congress must still approve the compromise, which is expected to pass the
Senate which is controlled by Democrats. The deal is expected to face more
opposition in the Republican-led House. A vote could come Monday, and
congressional leaders from both parties say they expect to have enough votes to
approve the deal that would raise the $14.3 trillion limit on U.S.
borrowing.