Political Deadlock Persists as Debt Ceiling Deadline Approaches

Despite holding his second news conference in a week, it doesn't look like President Obama will get the "grand bargain" to raise the country's debt ceiling and avoid default. "We are obviously running out of time," President Obama said. "And so what I've said to the members of Congress is that, 'You need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised, through whatever mechanisms they can think about, and show me a plan in terms of what...Full Story
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