Sound Off: What Do You Think About Washington's Debt Deal?

Congressional leaders announced late Sunday that they've reached a deal to avert an unprecedented U.S. debt default, though it's not clear how the bipartisan plan will impact the country's credit rating.

The deal calls for a first round of cuts totaling $917 billion over the next decade and allows the president to raise the national debt limit by more than $900 billion, according to our partners at the Huffington Post. 

The next round of nearly $1.5 trillion in additional deficit reduction will be decided by a 12-member bipartisan committee of lawmakers. The committee will be composed of members from both the House and Senate.  

This "Super Congress" must present the cuts to fellow lawmakers by Thanksgiving. The full Congress will not have the power to amend or filibuster the committee's recommendations. 

Lawmakers will vote today on the debt measure. Officials feared that if a deal was not reached by tomorrow, the country would default on its national debt for the first time in history, causing economic upheaval. 

In the end, it seemed lawmakers on both sides of the aisle were displeased with the outcome of the deal, according to reports. 

Have you been following the negotiations? Were you concerned about a debt default?

How might this new deal impact Moon and other local communities? Share your thoughts with Patch and your neighbors.