House GOP seeks to defuse debt crisis
House GOP seeks to defuse debt crisis
Associated Press
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Updated 12:37 am, Wednesday, January 23, 2013
The GOP legislation marks a tactical retreat by House Speaker John Boehner, R-Ohio, who is eager to avoid a potential first-ever default on U.S. payment and debt obligations as he wrestles with Obama and his Democratic allies over taxes, spending and the deficit.
Boehner previously had insisted that any increase in borrowing
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