Debt Deal, Manufacturing Data, U.S. Stock Market

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Aug. 1 (Bloomberg) -- Michael Crofton, chief executive officer of Philadelphia Trust Co., and Dan Deming, managing director of Stutland Equities LLC, talk about the outlook for the compromise plan to raise the U.S. debt limit by at least $2.1 trillion and slash federal spending by $2.4 trillion or more. They speak with Matt Miller, Carol Massar and Julie Hyman on Bloomberg Television's "Street Smart." Bloomberg Businessweek's Peter Coy also speaks. (Source: Bloomberg)