German Chancellor Olaf Scholz says the 2024 reimposition of its constitutional limit on public debt will be financed by spending cuts after his coalition clinched a last-minute budget deal to prevent a political crisis from spiralling out of control. The crisis erupted after Germany's highest court last month found that the government had broken a constitutional debt rule when it transferred 60 billion euros ($65 billion) earmarked for pandemic support to a climate fund. IMAGES AND SOUNDBITES