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U.S. Debt Doubts Keep Lid on Shares

The lack of an expected deal over the weekend to avert a looming U.S. debt default kept world equity markets and the dollar under pressure on Monday, while the yen rose as some investors shifted into safer assets. Senate Majority Leader Harry Reid and Republican leader Mitch McConnell held talks that Reid on Sunday called ``substantive.'' Reid did not provide details. Though Reid's remarks gave some hope that Congress soon might pass legislation to fund the government and ...

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