Gridlock over raising debt limit weighs on stocks

July 26, 2011 at 10:28 am in The Daily Republic

NEW YORK (AP) – The debt gridlock in Washington pulled stocks lower Tuesday.
Republican and Democratic lawmakers have offered competing proposals to avoid a catastrophic default on the government’s debt. If an agreement is not reached by Aug. 2, the U.S. won’t have enough cash to pay all its bills.
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