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Boehner backing down off $4 trillion figure for debt reduction

WASHINGTON (Reuters) – An effort to craft a broad deal of up to $4 trillion in deficit-reduction appeared out of reach on Saturday as Republican leader John Boehner cited differences with the White House on taxes and proposed pursuing a more modest package. “Despite good-faith efforts to find common ground,…

Obama urges ‘balanced approach’ in deficit talks

US President Barack Obama urged Democrats and Republicans Saturday to take a “balanced approach” to deficit reduction ahead of a new round of key talks aimed at avoiding America’s default on its debt. “I believe we need a balanced approach,” Obama said in his weekly radio address. “That means taking…

Obama calls for next round of debt talks Sunday

President Barack Obama called for new negotiations to try and avert a US debt default, warning the two sides were still “far apart” on a range of issues. “We’ll hopefully be in a position to then start engaging in the hard bargaining that’s necessary to get a deal done,” Obama…

Texas plans controversial execution of Mexican

WASHINGTON — The state of Texas appeared set to push forward with the controversial execution of a Mexican national Thursday despite calls for a reprieve from the White House and the Mexican government. Humberto Leal Garcia, 38, was scheduled to die at 6:00 pm (2300 GMT) in a Huntsville, Texas…

White House defends secret detention of Somali terror suspect

WASHINGTON — The White House Wednesday defended the treatment of an alleged leader of Somalia’s Shebab Islamist insurgency who was interrogated for two months on a US warship, saying his detention was lawful. In the first known case of the secret detention of a terror suspect by the administration of…

U.S. warning of airline plot to implant bombs in people

The White House said Wednesday there was no danger of an imminent attack on airplanes after reports that terror groups were mulling implanting bombs into the bodies of passengers. The assurances came after news that the US administration warned airlines that extremist groups were considering surgically implanting explosives into people…

U.S. budget talks expected Thursday at White House

WASHINGTON — President Barack Obama has invited Congressional leaders to White House talks on Thursday to try to reach a budget deal within two weeks that reduces the US deficit and raises the debt limit. “I’ve asked leaders of both parties and both houses of Congress to come here to…

White House: Iraq has little time to request troops stay

WASHINGTON (Reuters) – The White House on Tuesday said time was running short for Iraq to issue a request for U.S. troops to stay in the country beyond the end of this year. “We are waiting … to see whether or not the Iraqi government makes a request of us.…

White House denies report claiming Geithner to resign

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner has not told President Barack Obama he would like to leave after a debt ceiling deal is reached, White House spokesman Jay Carney said on Tuesday. Sources familiar with Geithner’s thinking said last week he was considering stepping down once the country’s $14.3 trillion debt limit is raised. That must…

WATCH LIVE: President Obama addresses deficit reduction at the White House

Watch live as President Obama addresses the White House press corps about the deficit reduction, courtesy of MSNBC: Visit msnbc.com for breaking news, world news, and news about the economy…

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