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Obama Calls on Congress to “Do Its Job” on Debt Ceiling

Posted July 23rd, 2011 at 3:15 pm (UTC-5)
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After a short meeting with congressional leaders at the White House Saturday, U.S. President Barack Obama has issued a statement calling on Congress to “do its job” and avoid letting the country default on its debts. In a statement, the White House said Mr. Obama restated his opposition to a short-term extension of the national […]

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Obama Meets With Congressional Leaders After Debt Talks Collapse

Posted July 23rd, 2011 at 12:45 pm (UTC-5)
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U.S. President Barack Obama met briefly with congressional leaders of both parties Saturday to discuss the impasse on raising the nation’s $14.3 trillion debt ceiling. The president met with House Speaker John Boehner and House Minority Leader Nancy Pelosi, as well as Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell — the top […]

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Obama Meets With Congressional Leaders After Debt Talks Collapse

Posted July 23rd, 2011 at 11:00 am (UTC-5)
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U.S. President Barack Obama is meeting with congressional leaders of both parties Saturday after a top Republican broke off negotiations on raising the country’s borrowing limit. Mr. Obama said during his Saturday weekly address that he wants the lawmakers to explain to him how the country will avoid defaulting on its payments after the government […]

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Obama Set to Meet Congressional Leaders After Debt Talks Collapse

Posted July 23rd, 2011 at 5:45 am (UTC-5)
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U.S. President Barack Obama is set to meet with congressional leaders of both parties Saturday after a top Republican broke off negotiations on raising the country’s borrowing limit. Mr. Obama said he was offering what he called “an extraordinarily fair deal.” The president said Friday it is “hard to understand” why House Speaker John Boehner […]

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Top Republican Breaks Off Debt Talks

Posted July 22nd, 2011 at 7:55 pm (UTC-5)
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U.S. President Barack Obama says the top Republican in the House of Representatives has broken off negotiations to raise the U.S. borrowing limit despite the president offering what he called “an extraordinarily fair deal.” Mr. Obama said Friday it is “hard to understand” why House Speaker John Boehner would “walk away from this kind of […]

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Obama: Top Republican Breaks off Debt Talks

Posted July 22nd, 2011 at 7:20 pm (UTC-5)
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U.S. President Barack Obama says the top Republican in the House of Representatives has broken off negotiations to raise the U.S. borrowing limit despite the President offering what he called “an extraordinarily fair deal.” Mr. Obama said Friday it was “hard to understand” why House Speaker John Boehner would “walk away from this kind of […]

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US Financial Officials Meet about Debt Contingencies

Posted July 22nd, 2011 at 2:20 pm (UTC-5)
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Some of the U.S. government’s top finance officials are taking a closer look at what might happen if deadlocked debt talks between the president and lawmakers turn into an all-out stalemate. Treasury Secretary Timothy Geithner and central bank chief Ben Bernanke met in Washington Friday with William Dudley, who heads the Federal Reserve’s New York […]

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Obama, Lawmakers Continue Debate on Debt Deal

Posted July 22nd, 2011 at 12:25 pm (UTC-5)
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Efforts continued in Washington Friday to forge a political agreement to prevent the United States government from running out of money before an August 2 deadline, while also slashing spending. Democrats in the Senate blocked a Republican-backed plan from the House of Representatives to raise the debt ceiling in exchange for large cuts in federal […]

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US Senate Blocks Republican House Debt Plan

Posted July 22nd, 2011 at 11:00 am (UTC-5)
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U.S. lawmakers and the president appeared no closer to a deal Friday to raise the country’s 14.3 trillion borrowing limit and slash spending ahead of an August 2 deadline. Democrats in the Senate Friday blocked a Republican-backed plan from the House of Representatives that would raise the debt ceiling in exchange for large cuts in […]

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Intense Talks Continue to Avoid Default on US Debt

Posted July 22nd, 2011 at 6:30 am (UTC-5)
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As the deadline for U.S. lawmakers to raise the nation’s $14.3 trillion borrowing limit quickly approaches, the Democratic-led U.S. Senate is expected to vote on Republican-backed plan Friday that would raise the debt ceiling in exchange for large cuts in the federal budget. The so-called “Cut, Cap and Balance Act” also requires Congress to approve […]

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