6:24am

Mon June 27, 2011
Economy

Obama Turns His Attention To Deficit Reduction

After weeks of leaving deficit-reduction talks to Vice President Biden, President Obama will meet personally with Republican and Democratic leaders of the Senate. They're trying to work out a plan to stem the tide of red ink. But no matter what happens, the government will need to keep borrowing money. And that means lawmakers will need to raise the federal debt ceiling within the next five weeks.

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