Republicans and Democrats Reach Tentative Agreement on Increasing Debt Limit Including Possible Tax Hikes

Repubican and Democratic leaders today reached a tentative agreement on increasing the national debt limit ABC reported: Democratic and Republican Congressional sources involved in the negotiations tell ABC News that a tentative agreement has been reached on the framework of a deal that would give the President a debt ceiling increase of up to $2.4 trillion and guarantee an equal amount of deficit reduction over the next 10 years.

Libyan Rebel Leader Shot Dead On Way to Hearing (Video)

Gunmen kill Libyan rebels’ top military commander — while he’s in rebel custody A leader of the Libyan revolution was shot dead by fellow rebels on the way to a hearing by rebel authorities.

FEARMONGER FRIDAY: Obama Administration Will Announce Which Bills Will Be Paid, Which Not, After Markets Close on Friday

Get Ready for Fearmonger Friday– ABC reported, via Free Republic: If there is no clear path out of this morass by tomorrow, sources say that administration officials will likely brief the public on how the Treasury Department will try to handle the bills Congress mandates that the government pay given a situation where Congress has not given them a way to do so.