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Obama administration pulls part of healthcare law

WASHINGTON (Reuters) – The Obama administration is pulling the plug on a long-term, home-care program included in the 2010 healthcare reform law that Republicans have derided as a budget trick. U.S. health officials said on Friday that after 19 months of analysis, they could not come up with a model…

BREAKING: Obama, congressional leaders strike deal to avoid debt default

President Barack Obama settled on a plan with congressional leaders to avoid debt default, announced just past 8:30 p.m. Sunday night. Senate Republican Leader Mitch McConnell, in a floor speech, reassured Congress that there was a plan in place. A vote is planned to take place Monday. “There is now…

Lawmakers close to deal to avoid default

WASHINGTON (Reuters) – Lawmakers were close to a last-ditch $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure jittery financial markets that the United States will avoid a potentially catastrophic default. The tantalizing possibility of an agreement raised hopes that a weeks-long partisan brawl over cutting…

Top Republicans confident of debt deal with President Obama

WASHINGTON (Reuters) – Top congressional Republicans said on Saturday they were in serious talks with President Barack Obama to break a U.S. debt limit deadlock and were confident the risk of default by the world’s largest economy could be avoided. Offering a flicker of hope after a week of acrimonious…

Republican leaders say ‘fully engaged’ with Obama on debt deal

WASHINGTON (Reuters) – The top Republicans in the Senate and House of Representatives said on Saturday that after a week of stalemate they are now in serious talks with President Barack Obama to raise the debt ceiling and avoid a looming default. “We now have a a level of seriousness…

Obama open to discussing ‘broad’ tax cut extension for rich

WASHINGTON (Reuters) – President Barack Obama is open to the idea of discussing an extension of Bush-era tax cuts for all income levels, the White House said on Thursday. Two days after congressional elections, White House spokesman Robert Gibbs signaled that Obama might consider a compromise with Republicans that would…

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