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Business & Technology

Standard & Poor official: Credible deficit cuts are being proposed

July 27th, 2011 3:03 pm by Associated Press

WASHINGTON (AP) The head of a top credit rating agency says that some of the deficit-cutting plans being considered by Congress could bring the U.S. debt burden down to a level that would allow the country to keep its triple-A credit rating.Standard & Po

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Business & Technology

Conservative revolt casts doubt on House GOP plan

July 26th, 2011 2:56 pm by Associated Press

WASHINGTON (AP) The White House threatened Tuesday to veto legislation pending in the House to avert a threatened default, a pre-emptive strike issued as Speaker John Boehner labored to line up enough votes to pass the measure.

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Business & Technology

Stocks fall as U.S. lawmakers remain locked in bitter stalemate

July 26th, 2011 10:54 am by Associated Press

NEW YORK (AP) Stocks fell Tuesday as U.S. lawmakers remained in a bitter stalemate over raising the country's borrowing limit. Disappointing earnings from 3M and Netflix also pulled stocks lower.Republican and Democratic lawmakers have offered competing

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