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Monday, August 1, 2011 12:12 AM PDT

Today's Politics - Bloomberg News Headlines - Yahoo! News: For Obama, Bush tax cuts shadow further debt talks Debt deal offers only small blessings for economy White House: expiry of Bush tax cuts to spur reform U.S. holds off on post-August 2 plan for moment Republican Boehner wants Monday vote on debt deal 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 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 Factbox: Sticking points in debt-limit talks Obama urges Congress to reject House "faction" on debt deal Republican leaders say fully engaged with Obama White House says supports bill lifting debt limit to 2013 China paper castigates "irresponsible" U.S. debt crisis Fed readies debt-limit guidance for financial firms Analysis: Cash drain uncertainty keeps pressure on Congress Tea Party financial advisers: We have no inside info U.S. ends "constructive" talks with North Korea Tea Party shows its clout in debt debate W.House addresses 14th Amendment on debt ceiling U.S. post-August 2 plan won't come out Friday: source Senator Schumer says hopes for debt compromise Friday Sen Reid: Democrats want debt hike to March 2013 Senate Democrats debt timeline close to deadline Senator Reid: Moving forward with debt limit bill China news agency lambastes U.S. for debt crisis House Republicans to meet Friday morning: Rep. Pence New Jersey Governor Christie discharged from hospital Fed readies debt-limit guidance for financial firms Factbox: Details of competing debt limit plans 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 Debt deal offers only small blessings for economy Sun,31 Jul 2011 08:22 PM PDT Reuters - WASHINGTON (Reuters) - The tentative U.S. deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup. 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 Republican Boehner wants Monday vote on debt deal Sun,31 Jul 2011 06:57 PM 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 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 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 Factbox: Sticking points in debt-limit talks Sat,30 Jul 2011 02:45 PM PDT Reuters - (Reuters) - Lawmakers are struggling to find a way to lift the nation's $14.3 trillion debt limit three days before a deadline to avert a ruinous default. Full Story Top Obama urges Congress to reject House "faction" on debt deal Sat,30 Jul 2011 02:45 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama on Saturday urged lawmakers in Congress to put aside partisan politics and forge a comprehensive agreement to raise the debt ceiling to avoid a first-ever U.S. government default. Full Story Top Republican leaders say fully engaged with Obama Sat,30 Jul 2011 02:42 PM PDT Reuters - WASHINGTON (Reuters) - The top Republicans in the Senate and House of Representatives said on Saturday that after a week of stalemate they are now in serious talks with President Barack Obama to raise the debt ceiling and avoid a looming default. Full Story Top White House says supports bill lifting debt limit to 2013 Sat,30 Jul 2011 01:58 PM PDT Reuters - WASHINGTON (Reuters) - The White House said on Saturday it "strongly supports" a bill being considered in the House of Representatives that incorporates both Democratic and Republican ideas and would raise the debt limit to early 2013. Full Story Top China paper castigates "irresponsible" U.S. debt crisis Fri,29 Jul 2011 08:47 PM PDT Reuters - BEIJING (Reuters) - The mouthpiece of the Chinese Communist Party has castigated the United States' handling of its debt crisis as "irresponsible" and "immoral," saying in a Saturday editorial that the U.S. democratic system was to blame for the "farce." Full Story Top Fed readies debt-limit guidance for financial firms Fri,29 Jul 2011 04:29 PM PDT Reuters - WASHINGTON (Reuters) - The Federal Reserve plans to provide guidance to banks soon on how to handle the potentially turbulent financial waters if the United States exhausts its borrowing authority. Full Story Top Analysis: Cash drain uncertainty keeps pressure on Congress Fri,29 Jul 2011 03:00 PM PDT Reuters - WASHINGTON (Reuters) - The Obama administration has held out August 2 as a doomsday -- if Congress does not raise the U.S. debt limit by then, a financial cataclysm would follow. Full Story Top Tea Party financial advisers: We have no inside info Fri,29 Jul 2011 02:34 PM PDT Reuters - NEW YORK (Reuters) - Just because some financial advisers associate themselves with the Tea Party doesn't mean they can read tea leaves. Full Story Top U.S. ends "constructive" talks with North Korea Fri,29 Jul 2011 12:42 PM PDT Reuters - NEW YORK (Reuters) - The United States ended "constructive" talks with North Korea on Friday and will consult with Seoul and other allies on whether to reopen stalled negotiations on Pyongyang's nuclear program, the U.S. special envoy for North Korea said. Full Story Top Tea Party shows its clout in debt debate Fri,29 Jul 2011 12:41 PM PDT Reuters - MIAMI (Reuters) - They have been accused of holding Washington hostage by pushing the United States to the brink of a damaging debt default. The world is watching anxiously as the debt impasse drags on. Full Story Top W.House addresses 14th Amendment on debt ceiling Fri,29 Jul 2011 10:42 AM PDT Reuters - WASHINGTON (Reuters) - The White House on Friday addressed increasing calls by some Democrats for President Barack Obama to raise the debt ceiling on his own by invoking the 14th Amendment of the Constitution. Full Story Top U.S. post-August 2 plan won't come out Friday: source Fri,29 Jul 2011 10:11 AM PDT Reuters - WASHINGTON (Reuters) - The Treasury will not unveil a plan on Friday on how the government will operate and pay its bills if Congress does not raise the debt cap in a timely manner, a source familiar with the administration's thinking said. Full Story Top Senator Schumer says hopes for debt compromise Friday Fri,29 Jul 2011 09:39 AM PDT Reuters - WASHINGTON (Reuters) - A top Senate Democrat said on Friday he hoped Democrats and Republicans would reach a deal by day's end on a compromise bill to cut federal spending and raise U.S. borrowing authority. Full Story Top Sen Reid: Democrats want debt hike to March 2013 Fri,29 Jul 2011 09:31 AM PDT Reuters - WASHINGTON (Reuters) - Senate Democratic Leader Harry Reid said on Friday his budget legislation would increase the nation's borrowing authority until March, 2013 and reiterated that he would not accept a short-term debt limit increase as Republicans are insisting. Full Story Top Senate Democrats debt timeline close to deadline Fri,29 Jul 2011 09:02 AM PDT Reuters - WASHINGTON (Reuters) - Senate Democrats are trying to propose a compromise debt limit increase bill that would likely not come to a final vote in the Senate until midday on Tuesday, under one possible scenario, a Senate aide said on Friday. Full Story Top Senator Reid: Moving forward with debt limit bill Fri,29 Jul 2011 07:05 AM PDT Reuters - WASHINGTON (Reuters) - Senate Majority Leader Harry Reid on Friday said that he "cannot wait any longer" for the Republican-led House of Representatives to act on a debt limit increase and he will begin taking steps to move legislation. Full Story Top China news agency lambastes U.S. for debt crisis Thu,28 Jul 2011 09:22 PM PDT Reuters - BEIJING (Reuters) - China's state-run news agency has sharply criticized U.S. politicians for flirting with a disastrous debt default, saying the world's largest economy has been "kidnapped" by "dangerously irresponsible" U.S. politics. Full Story Top House Republicans to meet Friday morning: Rep. Pence Thu,28 Jul 2011 08:16 PM PDT Reuters - WASHINGTON (Reuters) - House Republicans will meet at 10 a.m. on Friday (1400 GMT) to assess their options after they delayed a vote on their debt-ceiling bill due to a lack of support, Representative Mike Pence said on Thursday. Full Story Top New Jersey Governor Christie discharged from hospital Thu,28 Jul 2011 04:37 PM PDT Reuters - NEW YORK (Reuters) - New Jersey Governor Chris Christie, often mentioned as a possible Republican U.S. presidential candidate, was released from hospital on Thursday evening after undergoing tests for breathing difficulties. Full Story Top Fed readies debt-limit guidance for financial firms Thu,28 Jul 2011 03:56 PM PDT Reuters - WASHINGTON (Reuters) - The Federal Reserve plans to provide guidance to banks soon on how to handle the potentially turbulent financial waters if the United States exhausts its borrowing authority. Full Story Top Factbox: Details of competing debt limit plans Thu,28 Jul 2011 12:55 PM PDT Reuters - (Reuters) - House Speaker John Boehner, a Republican, and Senate Democratic Leader Harry Reid are pushing rival plans to raise the government's borrowing limit before an August 2 deadline. Full Story Top

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