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Debt ceiling crisis deepens as Aug. 2 deadline nears
Congress fights over raising the debt limit with Republicans demanding spending cuts and Democrats pushing for higher revenues. House plans Boehner proposal to lift the limit and cut $1 trillion, while White House and Senate oppose it. Markets fall as default risk looms and the economy slows.
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Congress
Barack Obama
House
John Boehner
U.S
White House
Senate
United States
Treasury Bonds
Social Security Trust Fund
Treasury
China
Japan