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Lawmakers Prepare Federal Debt Backup Plans as Negotiations Fail

HeadlineJul 25, 2011

The Washington Post reports House and Senate leaders are preparing separate backup plans to raise the federal debt limit after another day of intense negotiations failed to break a partisan impasse that threatens to throw the government into default next week. The moves comes days after House Speaker John Boehner abruptly abandoned debt-limit talks with the White House on Friday.

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