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Minn. Governor, GOP Reach Deal To End Shutdown

Posted: 07/15/2011 - Minnesota Gov. Mark Dayton and top Republicans agreed Thursday to end a budget impasse that prompted the longest state government shutdown in recent history, after the Democratic governor surrendered on raising taxes.

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Obama-GOP Debt Talks Get Tense At White House

Posted: 07/14/2011 - Tensions rose to the boiling point at a White House summit on the debt ceiling and budget talks on Wednesday, with House Republicans accusing President Barack Obama of abruptly walking out and Democrats painting GOP leaders as incalcitrant and irresponsible.

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President Obama Not Giving Up On Big Debt Reduction Deal

Updated: 07/10/2011 - President Barack Obama hasn't given up on getting congressional leaders to accept a $4 trillion debt reduction deal that Republicans have rejected for its tax increases and Democrats dislike for its cuts to programs for seniors and the poor.

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Boehner: Big Deficit Reduction Deal Won't Work

Posted: 07/10/2011 - House Republican budget negotiators have abandoned plans to pursue a massive $4 trillion, 10-year deficit reduction package in the face of stiff Republican opposition to any plan that would increase taxes as part of the deal.

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FHA Gives Jobless Homeowners One-Year Break

Posted: 07/08/2011 - The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.

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Auto Industry, Seeing New Life, On Hiring Spree

Posted: 07/07/2011 - Volkswagen opened a plant in Tennessee last month with 2,000 workers. Honda is hiring 1,000 in Indiana to meet demand for its best-selling Civic. General Motors is looking for 2,500 in Detroit to build the Chevy Volt.

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It's China's Turn To Wrestle With A Pile Of Bad Debt

Posted: 07/02/2011 - The U.S. banking system was the first to get hit by the financial Panic of 2008. For the past year, European bankers have been scrambling to head off exploding debt bombs in Greece and other countries with high debt loads.

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Bank Of America Settlement Could Speed Foreclosures

Posted: 06/30/2011 - Investors who bought bonds backed by shaky loans scored a major victory Wednesday with the announcement that Bank of America will pay more than $8 billion to make up for some of their losses.

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Biden Offers Voice Of Empathy On The Economy

Posted: 06/26/2011 - Vice President Joe Biden is reprising his role as one of the Obama administration's top surrogates on the economy and an empathetic voice in states hard hit by the recession which could decide the outcome of the 2012 presidential election.

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NYC Budget Deal Averts 4,000 Teacher Layoffs

Posted: 06/25/2011 - New York City lawmakers reached a budget deal Friday that will avert the layoffs of about 4,000 teachers partly through union concessions, but the city won't pay to replace thousands more public school instructors who quit or retire this year, officials said.

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The Best And Worst Cities For Jobs This Summer

Posted: 06/25/2011 - Employers in all 50 states expect the bleak employment picture to perk up during the three-month period ending in September. In fact, hiring managers in dozens of metropolitan areas anticipate considerable increases in hiring, while others present a darker forecast.

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Republicans Leave Budget Talks, Blame Democrats

Posted: 06/24/2011 - Republicans pulled out of debt-reduction talks led by Vice President Joe Biden with a flourish on Thursday, blaming Democrats for demanding tax increases as part of a deal rather than accepting more than $1 trillion in cuts to health care for the elderly and other government programs.

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FEMA Deadline Passes For Tornado Victims

Updated: 06/20/2011 - Monday, June 20 is the deadline for people to apply for disaster assistance because of losses from the April 16 tornadoes that ripped through North Carolina.

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AARP Slammed For Not Fighting Social Security Cuts

Posted: 06/18/2011 - AARP, the powerful lobby for older Americans, was hammered Friday by fellow activists for refusing to oppose any and all cuts to Social Security benefits, a position the group says it has long held as a way to extend the life of the massive retirement and disability program.

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Shoppers Slammed On The Brakes In May

Posted: 06/15/2011 - Retail sales fell in May for the first time in 11 months, dragged down by a sharp drop in receipts from auto dealerships, according to a government report that could raise fears of a prolonged economic slowdown.

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