Major differences remain over spending cuts and other key issues as debt limit deadline looms
Briefly

Negotiations are continuing to unfold in an attempt to reach a debt limit deal, but major differences between House Republicans and the White House have yet to be bridged, and the pressure is only intensifying as the risk of default grows ever more real with each day.Republicans have long said that spending cuts must be paired with any increase in the debt limit an issue that is proving to be the central sticking point as Democrats argue the cuts Republicans want are too extreme, though the White House has expressed a willingness to cut some spending.
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