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CNN: Political tensions rise as debt talks continue at White House
Top lawmakers from both sides of the aisle will met again Wednesday with President Barack Obama as the partisan tone of debt ceiling talks becomes sharper. The exchanges escalated during a nearly two-hour session at the White House Tuesday as GOP leaders once again refused to consider any tax hikes and Obama warned that, absent a deal, he can't guarantee older Americans will continue receiving Social Security checks next month.
CNN: Senate Republicans propose debt ceiling fallback option
Senate Republicans offered a politically inspired fallback option to the debt ceiling impasse Tuesday, proposing three short-term increases in the amount the government can borrow while at the same time registering the disapproval of Congress for such a move. The proposal would give President Barack Obama power to raise the debt ceiling, but also would require three congressional votes on the issue before the 2012 general election.