WASHINGTON - AUGUST 2: In this handout provided by the White House, U.S. President Barack Obama signs the Budget Control Act of 2011 in the Oval Office August 2, 2011 in Washington, DC. Obama signed the bill approved by the Senate today by a vote of 74-26 to raise the debt ceiling, allowing the U.S. to avoid default on its debts, and reduce the deficit by $2.4 trillion over the next 10 years.  (Photo by Pete Souza/The White House via Getty Images)