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July 10, 2011 2:35 pm

Debt-Reduction Deal Breaks Down

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Washington PostEmboldened by a weak jobs report, Republicans doubled down on their argument that Washington can’t afford to increase taxes on Americans or businesses.

House Speaker John A. Boehner abandoned efforts Saturday night to cut a far-reaching debt-reduction deal, telling President Obama that a more modest package offers the only politically realistic path to avoiding a default on the mounting national debt.

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