Saturday, July 9, 2011

Debt-Ceiling Talks Press On

In less than four weeks, the U.S. government could go into default on some of its debts. President Obama has been spending a lot of time talking to lawmakers. On Thursday, he gathered Congress's top brass in a White House conference room to lay the groundwork for what he hopes will be a final deal, which would get the federal budget under control, and raise the debt limit before that default-deadline.

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