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Obama Cites Progress on Debt Talks, But No Deal

Posted July 7th, 2011 at 1:25 pm (UTC-5)
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U.S. President Barack Obama and key lawmakers have failed to bridge deep divides over how to slash the nation’s debt and avoid a possible default. Mr. Obama told reporters at the White House Thursday a meeting with Congressional leaders was “very constructive” but that the sides had yet to reach an agreement to raise the […]

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Obama, Lawmakers Start High Stakes Debt Talks

Posted July 7th, 2011 at 11:45 am (UTC-5)
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U.S. President Barack Obama is sitting down with top lawmakers, hoping to win support for a bolder package of spending cuts and tax increases aimed at slashing the nation’s debt. White House and congressional aides say Mr. Obama will propose doubling the amount of money trimmed from the country’s budget deficit to $4 trillion during […]

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Obama Proposing Bigger Cuts to Control US Debt

Posted July 7th, 2011 at 9:10 am (UTC-5)
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U.S. President Barack Obama is proposing a bolder package to slash spending and increase some tax revenue in an effort to break the political impasse over America’s growing debt. White House and congressional aides say Mr. Obama will propose doubling the amount of money trimmed from the country’s budget deficit to $4 trillion when he […]

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White House Hosts Bipartisan Debt Discussion Amid Possible GOP Compromises

Posted July 7th, 2011 at 12:55 am (UTC-5)
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U.S. President Barack Obama is set to host Democratic and Republican Congressional leaders at the White House on Thursday to continue negotiations on how to raise the nation’s borrowing limit and avoid a possible debt default. The meeting comes a day after top Republican lawmakers hinted at a possible compromise on revenue increases, a key […]

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US Republicans Willing to Raise Taxes in Debt Deal

Posted July 6th, 2011 at 8:10 pm (UTC-5)
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A top U.S. lawmaker says the Republican party may be willing to make a compromise on revenue increases, a key sticking point in negotiations to increase the U.S. borrowing limit. House Majority Leader Eric Cantor said at a press conference Wednesday that Republicans would be willing to discuss closing some loopholes that give tax breaks […]

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Obama: Success on Budget Talks “Possible”

Posted July 6th, 2011 at 12:55 pm (UTC-5)
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A White House spokesman says success on an agreement to increase the U.S. borrowing limit is not guaranteed, but is possible, despite an impasse on how to proceed. Spokesman Jay Carney told reporters Wednesday that U.S. President Barack Obama believes there are enough members of Congress in both parties who support his position that a […]

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Obama Invites Lawmakers for Debt Negotiations

Posted July 5th, 2011 at 11:20 pm (UTC-5)
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U.S. President Barack Obama plans to host the leaders of both political parties at the White House on Thursday to continue negotiations on an increase to the nation’s borrowing limit, as a key deadline looms. Mr. Obama announced the meeting on Tuesday during a rare appearance at a regularly scheduled White House press briefing. The […]

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Obama Invites Lawmakers for Debt Negotiations

Posted July 5th, 2011 at 5:50 pm (UTC-5)
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U.S. President Barack Obama has invited the leaders of both political parties to the White House to continue negotiations on an increase to the nation’s borrowing limit, as a key deadline looms. Mr. Obama announced the meeting will be on Thursday. He was speaking Tuesday to reporters during a rare appearance at a regularly scheduled […]

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Obama Invites Lawmakers for Debt Negotiations

Posted July 5th, 2011 at 5:40 pm (UTC-5)
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U.S. President Barack Obama has invited the leaders of both political parties to the White House to continue negotiations on an increase to the nation’s borrowing limit, as a key deadline looms. Mr. Obama announced the meeting will be on Thursday. He was speaking Tuesday to reporters during a rare appearance at a regularly scheduled […]

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US Budget Impasse Continues

Posted July 1st, 2011 at 12:15 pm (UTC-5)
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U.S. Treasury officials have repeated their warning that Washington has until August 2 to raise the nation’s debt ceiling or face “catastrophic” economic consequences. Friday’s reiteration of the deadline follows news reports that the practical deadline is earlier, in late July, to give Congress time to debate and vote on the debt limit. The White […]

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