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Posted by on Dec 5, 2012 in Economy, Featured, Politics | 37 comments

Obama Rules Out New Debt Ceiling Showdown

Obama rules out new debt ceiling showdown (via AFP)

President Barack Obama warned Wednesday he would reject any deal to end a looming fiscal crisis that let Republicans wield new leverage next year over lifting the cap on government borrowing. Obama staked out his position after the New York Times reported that Republicans may bow to his demand to hike…

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