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December 05, 2012


Obama Seeks to Eliminate Debt Limit

President Obama "will seek to enlist senior corporate executives in his bid to permanently increase the US borrowing authority as part of the negotiations over the fiscal cliff," the Financial Times reports.

"While many in the business community are likely to welcome such an agreement and were critical of the handling of the debt ceiling issue last year, Republicans staunchly oppose the proposal. They see the debt ceiling vote as one of their only points of leverage in negotiations."

Al Hunt: Obama has stronger hand on taxes.












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