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House Speaker John Boehner, R-Ohio

As Default Approaches, Parties Remain Polarized

There was little good news on the debt deal front early Wednesday: Democrats and Republicans are working on separately debt reduction plans, neither of which is likely to pass both chambers. A debt deal at this late stage is looking increasingly less likely.
U.S. President Barack Obama

Obama Seeks "Plan B" as U.S. Debt Pans Stall

A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, piling anxiety onto investors and ordinary Americans hoping for a late compromise to avoid a crippling debt default.
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Norway Killer's India Connection

Norwegian mass killer Andres Behring Breivik, who killed at least 76 people in his bombing and shooting spree in Oslo, wears his Indian connection on his arm and chest in some of his photographs.
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Gold Up on Lack of US Debt Progress; Stocks flat

Gold prices hit a record high at more than $1,623 an ounce and Asian stock markets were largely flat, as news out of Washington indicated politicians were making little progress in ending the deadlock over lifting the U.S. debt ceiling.
Warren testifies at a hearing about oversight of the Consumer Financial Protection Bureau of the Oversight and Government Reform Committee in Washington

Elizabeth Warren to leave consumer financial agency

Elizabeth Warren, the law professor who persuaded the Obama administration to create the Consumer Financial Protection Bureau, will step down on August 1 from her role setting up the controversial new regulator, the Treasury said on Tuesday.
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Tea Party activists tell Boehner to stand firm

Tea Party activists demanded House of Representatives Speaker John Boehner deliver on budget cuts at a rally on Monday at his Ohio offices, urging the Republican leader to "stand strong" in debt negotiations.
Lawmakers Split as Debt Deadline Looms

Insight: Washington crippled after long road to deadlock

Paul Light has worked in and studied the institutions of government in Washington for more than three decades. He has written papers and taught about the great American legislative battles of modern times, where compromise has nearly always prevailed.
U.S. Congressman Wu is pictured in undated official photograph

Oregon lawmaker to resign over sex scandal

Oregon Democratic Congressman David Wu, accused of an unwanted sexual encounter with a campaign donor's teenage daughter, said on Tuesday he will resign his seat to defend himself against "these very serious allegations."
A demonstrator holds placards to protest U.S. debt in front of the Capitol in Washington July 18, 2011. REUTERS/Kevin Lamarque

U.S. likely to lose top rating: economists

The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.
President Barack Obama meets with House Speaker John Boehner about the debt limit

Debt crisis gives investors first jolt

President Barack Obama's Democrats and their Republican rivals were further apart than ever on Tuesday in an impasse over the government's debt limit as investors braced for a looming default and downgrade.
British singer Amy Winehouse drinks as she performs at the St. Lucia Jazz Festival in St. Lucia in this May 8, 2009 file photo

Amy Winehouse, DSK Tweets Show Lack of Decency

If the reactions to the Amy Winehouse and Dominique-Strauss Kahn stories have showed us anything, it's that all standards and decency go out the window in pursuit of extra Internet traffic and money.
Billy Long (R-Mo.)

Missouri Lawmaker Apologizes for Winehouse Tweet

On Monday, Missouri Republican Bill Long tweeted: "No one could reach [hash mark]AmyWinehouse before it was too late. Can anyone reach Washington before it's too late? Both addicted -- same fate???"
President Barack Obama

Debt crisis sends first waves through Wall Street

President Barack Obama's Democrats and their Republican rivals were further apart than ever on Tuesday in an impasse over America's debt limit as Wall Street braced for a looming U.S. default and credit downgrade.
Israeli President Shimon Peres

Assad Must Go: Israel?s Peres

Peres, who has now real power in Israeli government but nonetheless is widely regarded as the country?s number one political voice, made his comments during an unprecedented news chat with about 30 Arab media members.

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