NEW : In the second stage , a special joint committee of Congress will recommend further deficit reduction steps totaling $ 1.5 trillion or more , with Congress obligated to vote on the panel 's proposals by the end of the year . Obama calls the deal a good result of a terrible process . Moody 's maintains an approval rating for U.S. credit , for now . Obama signs the debt ceiling bill into law . CNN / ORC poll : 44 % of Americans approve of the deal ; 42 % disapprove .
NEW : Obama calls the deal a good result of a terrible process . Moody 's maintains an approval rating for U.S. credit , for now . Obama signs the debt ceiling bill into law . CNN / ORC poll : 44 % of Americans approve of the deal ; 42 % disapprove .