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House GOP will offer Obama six-week extension of borrowing limit in exchange for major spending reforms

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House Republican leaders Thursday told their rank and file that they plan to offer President Obama a plan to temporarily raise the nation's $16.7 trillion debt ceiling to buy Congress and the White House time to negotiate a longer-term deal on major spending reforms. "It's time for these negotiations and conversations to begin," House Speaker John Boehner, R-Ohio, said after meeting privately...

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