2011-07-11 14:08:20

US debt talks continue

United States President Barack Obama and congressional Republicans were scheduled to meet again on Monday to try and a reach a budget deal.

The US Treasury says it will run out of money on August 2nd if a deal is not reached.

The two side are deadlocked on the issue of new taxes: The Democrats say they are necessary, while the Republicans say they will not back any increases.

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