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Thursday 24 November 2011
Deadlock over how to reduce the US debt
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Barack Obama failed to reach a deal on reducing federal government deficit
Reuters/Kevin Lamarque
By Salil Sarkar

In the United States, equity markets suffered further losses on Wednesday, after a poor German debt auction fuelled fears over Europe's fiscal crisis. Meanwhile, the two major political parties in the US continue to disagree on ways to reduce the government debt. Nicole Woo, director of domestic policy at the Center for Economic and Policy Research in Washington explains the situation.

tags : Debt - Economy - United States
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