including the disturbing new #supercongress...
from cbsnews: President Obama signed a hard-fought, last-minute compromise bill to avert economic catastrophe Tuesday, saying the deal to cut spending and increase the nation's $14.3 trillion debt limit marked an "important first step to ensuring that as a nation we live within our means." The bill, he said, was the outcome of a "long and contentious debate" to avoid a man-made economic disaster that he described as creating "unsettling" economic uncertainty. He said that while voters chose divided government, "they sure didn't vote for dysfunctional government."
related econocrash updates:
satire: drunken ben bernanke tells everyone at neighborhood bar how screwed the US economy really is*
the committee of 13 & the debt ceiling deal from hell*
US eats up most of debt limit in one day*
US borrowing tops 100% of gdp*
moody's confirms US aaa rating; meanwhile, food stamp use rises to record*
georgia & colorado bank failures cost US $2.5b*
howard stein, who helped teach public to invest, dies at 84*
US govt sues ubs for $900m, charging mortgage fraud*
reid announces deal to end faa shutdown*
dow plunges 512 points: here's what's bothering the stock market*
video: pelosi on house floor - 'novus ordo seclorum'*