Debt Bill To Be Voted On This Afternoon….Likely To Pass; Update: Republicans “Proud” of Boehner; Update: Bill Passes House 269-161

Last night our lawmakers got a deal done to balance the budget and raise the debt limit. A powerpoint was released by Boehner’s officer:

But here are the highlights from Jake Tapper:

  • More than $900 billion in deficit reduction over 10 years through discretionary spending caps . $350 billion of that comes from the Pentagon;
  • Debt limit increased by at least $2.1 trillion — through 2013…see below for more on how that happens;