Debt Ceiling
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Dems, GOP working hard on debt deal to avoid default
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Sen. Chuck Schumer says a deficit-reduction proposal to be detailed Monday by Majority Leader Harry Reid has the best chance of ending the political stalemate and avoiding a government default.
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Stock futures sink after debt talks hit impasse
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Stock futures are falling Monday, a day after congressional leaders failed to agree on a deal to raise the nation's debt limit.
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Debt negotiations resume briefly Saturday at White House
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Saturday's debt talks between President Obama and Congressional leaders lasted less than an hour, wrapping up just before noon. The talks came a day after John Boehner broke off negotiations with the White House.
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Boehner, Obama trade blame for debt talks breakdown
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House Speaker John Boehner abruptly broke off talks with President Barack Obama Friday night. Obama called Boehner and other leaders to the White House Saturday to continue negotiations.
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Obama in College Park: Tax increase on rich necessary
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Obama is insisting that any deal to reduce the deficit must include tax increases on wealthier Americans and corporations, not just spending cuts.
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Debt ceiling dispute boils: Capitol's hot, inside and out
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Talks between President Barack Obama and House Speaker John Boehner seemed stuck in limbo Friday.
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Obama, House Republicans in endgame in debt talks
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In secretive negotiations, President Barack Obama and House Republican leaders reached anew on Thursday for an elusive "grand bargain" deal.
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Obama would OK stopgap measure if bigger debt deal is near
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As time is running out, President Barack Obama softened his stand and signaled he would back a short-term deal to prevent a default, but only if a larger compromise was taking shape.
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Debt crisis: Democrats, Republicans at White House - separately
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President Barack Obama called Democratic and Republican leaders back to the White House on Wednesday for separate, bottom-line negotiations on how to prevent a disastrous government default.
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Virginia, Maryland's credit rating could be downgraded
CommentA rating agency warned that it probably will lower the credit rating on five states, including Virginia and Maryland, if it downgrades the U.S. government's credit rating.
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Debt crisis continues
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House Republican leaders will give tea party members a symbolic floor vote on a "cut, cap and balance" debt-limit plan today. Behind the scenes work continues on a fallback, compromise measure.
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Obama threatens to veto tea party's 'cut, cap and balance' plan
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Courting confrontation and compromise alike, House Republicans shrugged off President Barack Obama's threat to veto legislation to cut federal spending by trillions of dollars.
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Debt ceiling debate shifts to Congress, bargain in play
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Interest rates and a tax increase for all Americans are on tap if the government doesn't avert an unprecedented default on the national debt, President Obama said at a news conference Friday.
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As budget talks lag, Senate leaders work on Plan B
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Senate leaders turn to Plan B, to give President Obama broad authority over the government's borrowing cap while allowing Congress whatever spending cuts it can muster.
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Debt ceiling debate missing 2012 GOP candidates
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Republican presidential candidates are all but silent on Senate GOP leader Mitch McConnell's proposal to sidestep a potentially disastrous government default on loan obligations.
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Obama to GOP: 'Don't call my bluff'
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President Barack Obama bluntly told Republican congressional leaders Wednesday they must compromise quickly if the government is to avoid an unprecedented default.
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McConnell: Give Obama new powers on debt limit
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The top Republican in the Senate proposed on Tuesday giving President Barack Obama sweeping new power to increase the nation's debt limit to avoid a default.
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Obama rules out short-term bill, but talks yield little
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Obama declared that he would reject any stopgap extension of the nation's borrowing limit, imploring lawmakers once again to reach one of the most sizable debt-reduction deals in years.
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