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House GOP on debt limit: 'No budget, no pay'

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House Republicans have emerged from their Williamsburg, Va., retreat with a new strategy in the debt limit fight with President Obama and the Senate Democrats: “No budget, no pay.” To be exact, House Majority Leader Eric Cantor released a statement Friday promising to vote on a debt limit hike good enough for three months of Treasury Department borrowing. But in exchange for a longer debt hike,...

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