U.S. budget stalemate raises risk of government shutdown

There has been no summer breakthrough on deficit reduction hoped for by negotiators for the White House and Senate Republicans. Odds of a government shutdown in October, as well as a default on debt in the fall, are rising. House Republican leaders discussed options for averting a fiscal crisis with rank-and-file members in a conference call Thursday. Some members said any stopgap measure must include eliminating funding for the health care law.

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