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US Leaders Remain Deadlocked on Raising Country’s Borrowing Limit

Posted July 30th, 2011 at 10:30 am (UTC-5)
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U.S. political leaders remained deadlocked Saturday over how best to raise the country’s borrowing limit and cut government spending, three days ahead of a looming national debt default. Rival Republican and Democratic plans to raise the country’s debt limit of $14.3 trillion and rein in the nation’s deficit-laden annual budgets call for many of the […]

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Obama: Failing to Reach Debt Agreement Would Be ‘Inexcusable’

Posted July 30th, 2011 at 5:40 am (UTC-5)
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U.S. President Barack Obama is urging Republicans and Democrats in Congress to agree on a plan to raise the country’s debt limit, as the nation edges closer to the threat of a default next week. In his weekly address Saturday, President Obama said the two sides must reach a compromise by the Tuesday deadline so […]

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Mullen Uncertain About US Troop Pay

Posted July 30th, 2011 at 3:45 am (UTC-5)
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The top United States military officer says it is unclear whether U.S. troops in Afghanistan would be paid on time in the event of a debt default. Admiral Mike Mullen, chairman of the military’s Joint Chiefs of Staff, told troops in Kandahar Saturday he does not know if their paychecks will be disrupted if U.S. […]

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US Senate Rejects Debt Ceiling Plan Approved by House

Posted July 29th, 2011 at 9:55 pm (UTC-5)
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The U.S. Senate has rejected a debt limit bill, shortly after the House of Representatives approved a revised plan to cut spending and raise the country’s $14.3 trillion borrowing limit, in an effort to avoid default next week. The Senate voted 59 to 41 Friday to set aside a vote on the plan, put forth […]

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US House of Representatives Approves Debt Ceiling Plan

Posted July 29th, 2011 at 7:35 pm (UTC-5)
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The U.S. House of Representatives, ignoring Senate opposition, has approved a revised plan to cut spending and raise the country’s $14.3 trillion borrowing limit, in an effort to avoid a debt default next week. House lawmakers voted 218 to 210 Friday on the plan, which is destined for defeat in the Democratic-majority Senate but could […]

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US House of Representatives Approves Debt Ceiling Plan

Posted July 29th, 2011 at 6:50 pm (UTC-5)
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The U.S. House of Representatives, ignoring Senate opposition, has approved a revised plan to cut spending and raise the country’s $14.3 trillion borrowing limit, in an effort to avoid a default next week. House lawmakers voted 218 to 210 Friday on the plan, which calls for raising the U.S. borrowing limit in exchange for more […]

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US House of Representatives Voting on Debt Ceiling Plan

Posted July 29th, 2011 at 6:15 pm (UTC-5)
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The U.S. House of Representatives is voting on a Republican-led plan to cut spending and raise the country’s $14.3 trillion borrowing limit, in an effort to avoid a default next week. The plan was put forth by House Speaker John Boehner, who put off a Thursday vote on the measure because he had too few […]

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US Congress Works to Avoid Default

Posted July 29th, 2011 at 5:35 pm (UTC-5)
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The U.S. Congress pushed ahead with competing proposals Friday in an effort to enable the U.S. government to pay all of its bills and avoid a default next week. Senate Majority Leader Harry Reid, a Democrat, has put forth a plan to cut government spending by $2.5 trillion, while raising the legal limit on borrowing […]

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Obama Urges Action On Debt Issue

Posted July 29th, 2011 at 11:50 am (UTC-5)
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U.S. President Barack Obama says it is increasingly urgent that Democrats and Republicans in Congress reach agreement on a measure to increase the legal limit on government borrowing and cut spending. Mr. Obama says the two sides are in rough agreement on how much spending to cut, and on a process to reform taxes and […]

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Obama Urges Action On Debt Issue

Posted July 29th, 2011 at 11:00 am (UTC-5)
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U.S. President Barack Obama says it is increasingly urgent that Democrats and Republicans in Congress reach agreement on a measure to increase the legal limit on government borrowing and cut spending. Mr. Obama says the two sides are in rough agreement on how much spending to cut, and on a process to reform taxes and […]

Tags: , , , , Posted in Americas, Economy, US

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