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Svenska Dagbladerts hjältar

Republican leaders in the House of Representatives on Thursday abandoned efforts to vote on a plan to raise the nation’s borrowing authority, deepening the US debt ceiling crisis five days ahead of a possible default.

Several days of arm-twisting by top Republicans failed to quash a rebellion by conservative lawmakers, who say the plan remains short on spending cuts and lacks a constitutional amendment to force a balanced federal budget.

Financial Times July 29, 2011 5:19 am


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