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GOP moves to delay debt-ceiling showdown 3 months
WASHINGTON -- Seeking to regain their budget footing versus President Obama, Republicans controlling the House are moving quickly to try to defuse a potential debt crisis with legislation to prevent a first-ever U.S. default for at least three months.
The Republicans are giving up for now on trying to extract spending cuts from Democrats in return for an increase in the government's borrowing cap, but the respite promises to be only temporary, with the stage still set for major battles between the GOP and Obama over taxes, spending and deficits.
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GOP moves to delay debt-ceiling showdown 3 months
WASHINGTON -- Seeking to regain their budget footing versus President Obama, Republicans controlling the House are moving quickly to try to defuse a potential debt crisis with legislation to prevent a first-ever U.S. default for at least three months.
The Republicans are giving up for now on trying to extract spending cuts from Democrats in return for an increase in the government's borrowing cap, but the respite promises to be only temporary, with the stage still set for major battles between the GOP and Obama over taxes, spending and deficits.
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