Sunday, July 24, 2011

Debt-Ceiling Talks Reaching the Critical Stage for President Obama and the Democrats


Your Black World reports.

The debt-ceiling deadline is fast-approaching, with leadership from both the Democratic and Republican parties bickering over the final arrangements.  The Democrats rejected a Republican proposal to raise the ceiling in a two-step process, but both sides are concerned about a negative reaction in Asian markets if a deal is not reached soon.


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