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Boehner, Reid preparing to move on debt limit

AP Photo/Shizuo Kambayashi

Money traders work under a screen flashing the U.S. dollar against the Japanese yen at a foreign exchange market in Tokyo. Markets around the world were watching nervously as congressional Democrats and Republicans struggled through another day of difficult talks but failed to agree on cutting U.S. spending and raising the debt limit, a necessary measure to prevent an unprecedented Aug. 2 default.

WASHINGTON — Democratic and Republican congressional leaders shopped competing debt-crisis solutions and President Barack Obama canceled fundraising appearances today, as a...


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