Topic: Michael Steele

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  • Obama open to short-term deal on debt ceiling. Here are five ideas.

    Obama open to short-term deal on debt ceiling. Here are five ideas.

    The scramble on Capitol Hill to come up with a solution to the nation’s debt crisis produced a surprise announcement from the White House Wednesday: Contrary to previous statements, President Obama would support a short-term deal to raise the debt ceiling. White House Press Secretary Jay Carney added an important caveat, however. The president would only sign the short-term deal if it was a means to buy time to finalize a longer-term deal without running afoul of the Aug. 2 deadline. Suddenly, Washington is awash in prospects for short term deals. Here are five:

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