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Obama Awaits Congress Action, US Credit on Negative Watch

With a chaotic situation in Congress ahead of a Thursday deadline to increase the government borrowing limit, the White House underscored its rejection of any proposal that it says would amount to forcing Americans to pay ransom to meet demands by extreme Republicans.  Efforts by Senate Democratic and Republican leaders to press ahead with a plan to fund the government and temporarily extend the debt limit were on hold late Tuesday. Events were playing out once again in the ...

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