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Tuesday, August 2, 2011 12:10 AM PDT

Today's Politics - Bloomberg News Headlines - Yahoo! News: Debt deal set to pass but what were the costs? Factbox: Republican 2012 hopefuls mostly decry debt deal Senate panel set to vote on CFTC nominee on Tuesday Gabrielle Giffords returns for debt vote Shooting victim Giffords returns for debt vote Analysis: Angry over debt debate, voters may punish leaders House Democratic leader Pelosi to back debt bill Factbox: Republican 2012 hopefuls mostly decry debt deal U.S. business hopes debt deal clears way for trade U.S. Treasury to borrow $331 billion in 3rd quarter Pakistan seeks "clear terms of engagement" with U.S. Biden predicts passage of debt limit bill Reid says debt limit vote in Senate by Tuesday Obama to keep pushing payroll tax cut extension Senate Republican leader optimistic on debt vote Liberal Democrats may vote against debt deal New drug regulator asks Congress for more power CBO: Debt limit deal to save $2.1 trillion Boehner wants Monday vote on debt deal Analysis: Debt negotiators eye 2012 NJ Governor Christie more like 2016, not 2012, hopeful California moves presidential primary to June For Obama, Bush tax cuts shadow further debt talks White House: expiry of Bush tax cuts to spur reform U.S. holds off on post-August 2 plan for moment Boehner: debt deal cuts $917 billion over 10 years Senate may vote on debt deal as early as Monday: aide Boehner aims for debt vote "as soon as possible" Obama announces deal reached to end debt crisis Obama says cuts will not come too quickly Obama urges members of both parties to support deal House Democrats might not back debt deal: Pelosi Senate vote unlikely until at least Monday: aide Reid backs debt deal if other Democrats will: aide Factbox: Key elements of possible debt deal Britain, Japan warn of disaster if no U.S. debt deal Factbox: U.S. politician quotes chart focus in deficit talks Obama adviser Sperling sees no "double dip" recession High-ranking Senate Democrat upbeat on debt deal Snapshot: What is happening in the U.S. debt crisis Debt deal set to pass but what were the costs? Mon,1 Aug 2011 10:57 PM PDT Reuters - WASHINGTON/SINGAPORE (Reuters) - While the immediate crisis over a threatened default seems to have been averted by the eleventh-hour deal between the White House and Congress, the debt-limit drama has left behind crucial questions about the American political process, the viability of economic policy options and implications for the rest of the world. Full Story Top Factbox: Republican 2012 hopefuls mostly decry debt deal Mon,1 Aug 2011 10:57 PM PDT Reuters - WASHINGTON (Reuters) - Republicans looking to unseat President Barack Obama in the 2012 election are taking stands on the proposed 11th-hour deal to raise the U.S. borrowing limit -- mostly against Republican leaders in Congress. Full Story Top Senate panel set to vote on CFTC nominee on Tuesday Mon,1 Aug 2011 07:26 PM PDT Reuters - WASHINGTON (Reuters) - The Senate Agriculture Committee plans to vote on Tuesday on Mark Wetjen who has been nominated as a commissioner at the Commodity Futures Trading Commission, which is in the midst of crafting dozens of new financial reform rules. Full Story Top Gabrielle Giffords returns for debt vote Mon,1 Aug 2011 06:14 PM PDT Reuters - WASHINGTON (Reuters) - Representative Gabrielle Giffords returned to the U.S. House on Monday night for the first time since an assassination attempt, drawing thunderous applause in a rare moment of unity during a contentious vote to raise the U.S. debt ceiling. Full Story Top Shooting victim Giffords returns for debt vote Mon,1 Aug 2011 04:52 PM PDT Reuters - WASHINGTON (Reuters) - Representative Gabrielle Giffords returned to the House floor on Monday for the first time since she was shot in the head in January, receiving a thunderous ovation from Democrats and Republicans alike. Full Story Top Analysis: Angry over debt debate, voters may punish leaders Mon,1 Aug 2011 03:36 PM PDT Reuters - WASHINGTON (Reuters) - Throw the bums out! Full Story Top House Democratic leader Pelosi to back debt bill Mon,1 Aug 2011 02:58 PM PDT Reuters - WASHINGTON (Reuters) - House of Representatives Democratic Leader Nancy Pelosi plans to vote for a bill to raise the government's debt ceiling, a Democratic Party aide said on Monday. Full Story Top Factbox: Republican 2012 hopefuls mostly decry debt deal Mon,1 Aug 2011 02:28 PM PDT Reuters - WASHINGTON (Reuters) - Republicans looking to unseat President Barack Obama in the 2012 election are taking stands on the proposed 11th-hour deal to raise the U.S. borrowing limit -- mostly against Republican leaders in Congress. Full Story Top U.S. business hopes debt deal clears way for trade Mon,1 Aug 2011 01:42 PM PDT Reuters - WASHINGTON (Reuters) - A deal to raise the U.S. debt ceiling after weeks of tough talks between the White House and Congress has raised hope leaders will now turn their attention to resolving difference blocking three long-delayed trade deals, U.S. business groups said on Monday. Full Story Top U.S. Treasury to borrow $331 billion in 3rd quarter Mon,1 Aug 2011 01:34 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. Treasury adopted a business-as-usual mode on Monday as it unveiled plans to borrow $331 billion in the current quarter, assuming Congress hikes the debt limit so it can legally do so. Full Story Top Pakistan seeks "clear terms of engagement" with U.S. Mon,1 Aug 2011 12:11 PM PDT Reuters - ISLAMABAD (Reuters) - Pakistani President Asif Ali Zardari called Monday for his government and the United States to agree on "clear terms of engagement" in the fight against Islamist militants to avert troubles in their relationship. Full Story Top Biden predicts passage of debt limit bill Mon,1 Aug 2011 12:03 PM PDT Reuters - WASHINGTON (Reuters) - Vice President Joe Biden, emerging from a 2 1/2-hour meeting with Democrats in the House of Representatives, predicted a debt limit increase bill will pass Congress. Full Story Top Reid says debt limit vote in Senate by Tuesday Mon,1 Aug 2011 11:07 AM PDT Reuters - WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said Monday that debt limit increase legislation would be completed in the Senate by Tuesday. Full Story Top Obama to keep pushing payroll tax cut extension Mon,1 Aug 2011 10:31 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama will continue to push for an extension of the payroll tax cut despite that not being part of a deficit-cutting deal reached by lawmakers, the White House said on Monday. Full Story Top Senate Republican leader optimistic on debt vote Mon,1 Aug 2011 09:37 AM PDT Reuters - WASHINGTON (Reuters) - Senate Republican Leader Mitch McConnell said on Monday he was "optimistic" about the prospects for passing a deficit reduction and debt limit increase measure. Full Story Top Liberal Democrats may vote against debt deal Mon,1 Aug 2011 09:06 AM PDT Reuters - WASHINGTON (Reuters) - Raul Grijalva, who heads a group of liberal Democrats in the House of Representatives, said on Monday he expects most members of his progressive caucus to vote against a debt ceiling deal crafted by Republican and Democratic leaders. Full Story Top New drug regulator asks Congress for more power Mon,1 Aug 2011 08:55 AM PDT Reuters - WASHINGTON (Reuters) - Drug companies should take more responsibility for the safety of ingredients sourced overseas, and Congress should make them if they do not, according to the new U.S. drug regulator for import safety. Full Story Top CBO: Debt limit deal to save $2.1 trillion Mon,1 Aug 2011 08:43 AM PDT Reuters - WASHINGTON (Reuters) - A U.S. budget deal reached by congressional leaders to clear the way for a debt limit increase would achieve at least $2.1 trillion in deficit cuts over 10 years, the Congressional Budget Office said on Monday. Full Story Top Boehner wants Monday vote on debt deal Mon,1 Aug 2011 07:13 AM PDT Reuters - WASHINGTON (Reuters) - House Speaker John Boehner told fellow Republicans that he wants the House of Representatives to vote on Monday on a last-minute deal to raise the debt ceiling, a Republican lawmaker said on Sunday. Full Story Top Analysis: Debt negotiators eye 2012 Mon,1 Aug 2011 07:12 AM PDT Reuters - WASHINGTON (Reuters) - Lawmakers bogged down in talks on the debt limit need to reach a deal by an August 2 deadline but the politicians also have one eye another big date: Election Day on November 6, 2012. Full Story Top NJ Governor Christie more like 2016, not 2012, hopeful Mon,1 Aug 2011 06:55 AM PDT Reuters - NEW YORK (Reuters) - New Jersey Governor Chris Christie has said he has no interest in running for president but relentless speculation about his plans could make him a kingmaker in 2012 and position him to run in 2016. Full Story Top California moves presidential primary to June Mon,1 Aug 2011 05:57 AM PDT Reuters - SAN FRANCISCO (Reuters) - California has moved its presidential primary to June, consolidating trips to the poll to save money in an election that most voters in the Democratic leaning state see as a foregone conclusion. Full Story Top For Obama, Bush tax cuts shadow further debt talks Sun,31 Jul 2011 10:39 PM PDT Reuters - WASHINGTON (Reuters) - The White House has one important tool in its arsenal to influence congressional talks over further deficit reduction measures in the coming months: the expiry of Bush-era tax cuts at the end of 2012. Full Story Top White House: expiry of Bush tax cuts to spur reform Sun,31 Jul 2011 07:14 PM PDT Reuters - WASHINGTON (Reuters) - White House officials said on Sunday the spending cuts laid out under a new deficit deal would not take effect until 2013 and the expiry of Bush-era tax cuts for the wealthiest Americans would spur broad tax reform. Full Story Top U.S. holds off on post-August 2 plan for moment Sun,31 Jul 2011 07:10 PM PDT Reuters - WASHINGTON (Reuters) - The Treasury determined that it was not necessary on Sunday to unveil plans for how the government will pay its bills if Congress does not raise the debt cap by Tuesday. Full Story Top Boehner: debt deal cuts $917 billion over 10 years Sun,31 Jul 2011 06:17 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. debt deal struck on Sunday cuts spending by $917 billion over 10 years and tasks a panel with finding at least $1.5 trillion more to trim, House of Representatives Speaker John Boehner said. Full Story Top Senate may vote on debt deal as early as Monday: aide Sun,31 Jul 2011 06:10 PM PDT Reuters - WASHINGTON (Reuters) - The Senate will likely vote on Monday on a proposed, bipartisan deal to increase the U.S. debt limit and avert a possible default, a senior congressional aide said. Full Story Top Boehner aims for debt vote "as soon as possible" Sun,31 Jul 2011 06:08 PM PDT Reuters - WASHINGTON (Reuters) - House Speaker John Boehner told fellow Republicans on Sunday that he aims to bring a debt-ceiling deal up for a vote "as soon as possible" even though it is not perfect, his office said. Full Story Top Obama announces deal reached to end debt crisis Sun,31 Jul 2011 05:57 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama announced on Sunday that Democrats and Republicans leaders have reached an agreement to reduce the U.S. deficit and avoid default. Full Story Top Obama says cuts will not come too quickly Sun,31 Jul 2011 05:54 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama said on Sunday that spending cuts included in deal to raise the debt ceiling will not happen so quickly that they will drag on the fragile U.S. economy. Full Story Top Obama urges members of both parties to support deal Sun,31 Jul 2011 05:50 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama on Sunday urged Republicans and Democrats to "do the right thing" and vote to support the compromise proposal to raise the U.S. debt ceiling. Full Story Top House Democrats might not back debt deal: Pelosi Sun,31 Jul 2011 03:34 PM PDT Reuters - WASHINGTON (Reuters) - Democrats in the House of Representatives might decide not to support a last-minute deal to raise the debt ceiling when they meet on Monday, House Democratic Leader Nancy Pelosi said on Sunday. Full Story Top Senate vote unlikely until at least Monday: aide Sun,31 Jul 2011 03:16 PM PDT Reuters - WASHINGTON (Reuters) - A Senate vote on a possible debt-limit deal is "highly unlikely" until at least on Monday, a senior congressional aide said. Full Story Top Reid backs debt deal if other Democrats will: aide Sun,31 Jul 2011 02:16 PM PDT Reuters - WASHINGTON (Reuters) - Senate Democratic leader Harry Reid will support the tentative debt-ceiling deal as long as other Democrats back it as well, a spokesman said on Sunday. Full Story Top Factbox: Key elements of possible debt deal Sun,31 Jul 2011 09:13 AM PDT Reuters - (Reuters) - U.S. lawmakers were working furiously on Sunday to hammer out details of a deal to raise the borrowing limit and put in place a deficit-reduction plan to help avert a potentially catastrophic debt default. Full Story Top Britain, Japan warn of disaster if no U.S. debt deal Sun,31 Jul 2011 08:29 AM PDT Reuters - LONDON/TOKYO (Reuters) - British and Japanese officials warned Sunday of disastrous consequences for the global economy if last-minute talks among lawmakers in Washington failed to agree on raising the U.S. borrowing limit and averting a debt default. Full Story Top Factbox: U.S. politician quotes chart focus in deficit talks Sun,31 Jul 2011 08:16 AM PDT Reuters - (Reuters) - When will Republicans and Democrats reach agreement on a deal to raise the debt ceiling and avoid default? Full Story Top Obama adviser Sperling sees no "double dip" recession Sun,31 Jul 2011 06:35 AM PDT Reuters - WASHINGTON (Reuters) - White House economic adviser Gene Sperling said on "Fox News Sunday" he was "not worried the U.S. will have a double-dip recession" and urged Congress to approve an increase in the debt limit as a way to give certainty to financial markets. Full Story Top High-ranking Senate Democrat upbeat on debt deal Sat,30 Jul 2011 07:28 PM PDT Reuters - WASHINGTON (Reuters) - The No. 2 Democrat in Senate said on Saturday he was more optimistic about chances for a debt limit increase deal, despite many details still to be worked out. Full Story Top Snapshot: What is happening in the U.S. debt crisis Sat,30 Jul 2011 02:45 PM PDT Reuters - WASHINGTON (Reuters) - Here is what is happening on Friday as lawmakers scramble to close in on a deal for Congress to raise the U.S. government's $14.3 trillion borrowing limit by Tuesday's deadline and avoid a debt default: Full Story Top

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