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Wed, Jun. 01 2011 07:37 AM EDT

Political Jam Over U.S. Debt Ceiling Begins

By Anugrah Kumar
President Barack Obama has invited congressional Republicans to the White House for negotiations Wednesday following the defeat of a bill to raise the U.S. debt ceiling. While the House will likely raise the government’s borrowing ability sooner or later, it may not come without deep spending cuts and budget revisions. (A link to this page will be included in your message. )

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