Debt Jumped $54.1 Billion in 8 Days Preceding Boehner-Obama Deal to Cut $38.5 Billion for Rest of Year

The federal debt increased $54.1 billion in the eight days preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September.