Pace Quickens in D.C. Budget Fight

President Barack Obama on Friday began working aggressively with House and Senate Republicans to shape a deal to raise the debt ceiling and fully reopen the federal government, signaling a quickening pace in discussions to end a political stalemate that risks a U.S. debt crisis. The White House rejected a core part of a proposal from House Republican leaders that would extend the nation's borrowing authority for six weeks if the president committed to deficit-reduction negotiations. Instead, Mr. Obama signaled that he wants a deal that raises the debt ceiling for a longer period and creates a longer-term forum for budget talks.

Source: http://www.realclearpolitics.com/2013/10/12/pace_quickens_in_dc_budget_fight_317675.html
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