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deficit reduction, debt ceiling
(Image from article: "Senate approves debt-ceiling increase; Obama to sign")

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Boehner to push for smaller debt deal

Talks to reach a more ambitious deficit-reduction deal effectively broke down on Saturday, House Speaker John Boehner said, as he and fellow Republicans resisted any White House attempts that could increase taxes.

 

Obama: ending tax breaks required to cut deficit

President Barack Obama pressed his case on Saturday for achieving deficit reduction, in part by ending tax breaks and singling out hedge fund managers, oil companies and billionaires to take the hit.

 

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