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Sound-Off: Which Party Is to Blame for Debt Deal Crisis?

The nation's two political parties, the Democrats and Republicans, are at it again -- so far failing to agree on a budget deficit reduction package and a debt ceiling raise. But which party is to blame for this latest crisis?
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Microsoft Adding 75 Retail Stores in U.S.

Microsoft abandoned the retail store strategy in 2001, but after Apple's success with retail stores, Microsoft plans to aggressively expand, adding 75 retail stores in the U.S. in two to three years.
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States' sales tax growth slows in June: report

State sales tax revenues grew slowly in June, with an average gain of only 2.1 percent, according to a report released on Wednesday, suggesting a weakening trend that could threaten states' recoveries.
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Fed prepared to respond if economy worsens: Bernanke

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, hinting policymakers were actively mulling further stimulus.
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As copper soars, thieves extract a price

When thieves ransacked eight air conditioners in an apartment complex in the city of Mobile, Alabama, the culprits made off with $800 worth of scrap metal and left residents with $38,000 worth of damages.
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Highlights: Bernanke's semi-annual testimony to House panel

The following are highlights of Federal Reserve Chairman Ben Bernanke's prepared remarks on Wednesday to the House of Representatives Financial Services Committee as part of his semi-annual testimony on the U.S. economy and monetary policy.
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Wall Street rises on Bernanke policy comments

Wall Street stocks rebounded from a three-day selloff on Wednesday as comments from Federal Reserve Chairman Ben Bernanke raised hopes for further stimulus of the U.S. economy if needed.
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Instant view: Bernanke says more policy support possible

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.

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