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Time is running out for Congress to broker a debt deal
By: Bill O'ReillyJuly 25, 2011
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STORY EXCERPT
Reuters: The Congress faces an August 2 deadline for raising the government's $14.3 trillion limit on borrowing and averting a potentially catastrophic default. President Barack Obama and congressional leaders -- Republicans and Democrats -- have been unable to work out a deal after months of negotiating. In a last-ditch move, each party is going ahead with separate legislation that might not be finalized until the very last minute, if then.
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