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Congress is taking up the Fiscal Responsibility Act, which would reduce federal budget deficits by $1.5 trillion over 10 years, with most of the savings coming from spending caps.
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A deal intended to beat an impending deadline and avert a global financial crisis if the U.S. defaults on its debt cleared a major hurdle Wednesday night, passing the U.S. House of Representatives.
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A deal intended to beat an impending deadline and avert a global financial crisis if the US defaults on its debt cleared a major hurdle Wednesday night, passing the US House of Representatives.
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