Carl Hulse and Robert Pear, The New York Times News Service: "After a 24-hour delay and concessions to conservatives, the House on Friday narrowly approved a Republican fiscal plan that the Senate quickly rejected in a standoff over the federal debt ceiling that was keeping the government on a path to potential default. Despite a day of frenzied legislative maneuvering... the two parties made no visible progress in finding common ground, leaving Washington, Wall Street and much of the nation watching the clock toward a deadline of midnight Tuesday."
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