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GOP moves to delay debt-ceiling showdown

Republicans controlling the House are moving quickly to try to defuse a potential debt crisis. They're offering legislation to prevent a first-ever default on U.S. obligations for three months or more.

By Andrew Taylor | Updated on January 22, 2013
House Speaker John Boehner of Ohio walking on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)

WASHINGTON (AP) — Republicans controlling the House are moving quickly to try to defuse a potential debt crisis. They’re offering legislation to prevent a first-ever default on U.S. obligations for three months or more.

The Republicans are giving up for now on trying to extract spending cuts from Democrats in return for an increase in the government’s borrowing cap. The respite promises to be only temporary, with the stage still set for major battles between the GOP and President Barack Obama.

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