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“The framework of a tentative deal to raise the nation’s debt ceiling calls for up to $2.8 trillion in total deficit reduction over the next decade, sources tell CNN.

The agreement, still being negotiated by the White House and bipartisan congressional leaders, would allow the debt ceiling to be raised by enough to last at least through the end of 2012.

News of a possible deal came shortly after the Senate delayed consideration of Majority Leader Harry Reid’s proposal late Saturday, pushing back a key procedural vote by 12 hours.” [Source CNN]