Congress is racing to complete work on some big-ticket items before adjourning for the August recess. CQ Roll Call's budget and appropriations reporter Kellie Mejdrich reports on a deal in the works to extend the debt limit and set spending levels for two years. And  finance reporter Doug Sword explains why the House plans to vote on a bill to shore up struggling pension plans.  Meanwhile, the Senate plans to give final approval of a permanent compensation fund for victims of the Sept. 11 terrorist attacks.

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