The U.S. House and Senate are set to vote on whether to approve a debt ceiling deal Monday, in order to stave off a potential default by the U.S. on its debt.
The deal announced by President Obama Sunday night calls for an increase in the U.S. debt limit by at least $2.4 trillion in two phases. The deal also calls for spending cuts of $1 trillion over 10 years — and no additional revenue.
The Senate is planning to vote on the proposal Monday, and the House could follow suit.
WBUR's Monica Brady-Myerov has been reporting from the Capitol since Friday and joined Morning Edition Monday with an update.
This program aired on August 1, 2011.