Democrats and Republicans remain "far apart on a wide range of issues" in budget talks aimed at averting a looming default on US government debt, President Barack Obama has said.

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Obama:No Deal Yet But Meeting With Lawmakers Constructive …

Obama Summons Lawmakers for ‘Hard Bargaining’ on Debt Reduction …

U.S. President Barack Obama warned after talks with his Republican foes that both sides stood "far apart" on how to avert an early August debt default and called for renewed "hard bargaining" on Sunday with Congressional leaders.

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MONTPELIER – Gov. Peter Shumlin today took a strong position in support of fuel security, jobs, and a healthier future for Vermonters and all Americans, writing to President Barack Obama to voice support for a single, national emission standard for passenger vehicles and light trucks.

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House Majority Leader Eric Cantor of Virginia signaled some flexibility in advance of today’s White House talks, which include Obama and top lawmakers from both parties, saying Republicans may be amenable to closing some tax loopholes Democrats have targeted if such moves are “coupled with offsetting tax cuts somewhere else.”

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Mr Obama said that a failure to reach an agreement to avert a US government default could trigger a second economic recession or worse.

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President Barack Obama will meet tomorrow with Republican and Democratic lawmakers to seek a long-term solution to U.S. finances.

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President Obama (pictured in …

Hackers allegedly took control of Fox News’ Twitter account and posted false messages that President Obama had been assassinated. It’s a cautionary tale about social media.

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