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Obama to meet with congressional leaders on debt limit

Published:Monday | October 14, 2013 | 12:51 PM

United States President Barack Obama and Vice-president Joe Biden are scheduled to meet congressional leaders from both parties as the deadline to raise the nation's debt limit nears.



The bipartisan meeting will include leaders from both the House of Representatives and the Senate.



A shutdown of the US government as a result of the political deadlock has now entered its third week.



Officials warn of economic calamity should the US default on its debt.



Weekend negotiations between US congressional leaders failed to reach a breakthrough to raise the nation's debt limit ahead of Thursday's deadline.



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