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Shutdown enters second week

The government shutdown entered its second week with no end in sight and ominous signs that the United States was closer to the first default in the nation's history as Speaker John Boehner ruled out any measure to boost borrowing authority without concessions from President Barack Obama.

By Donna Cassata | Updated on October 07, 2013
Marcelo del Canto, right, a budget analyst, demonstrates during a rally against the shutdown outside in Washington.(AP Photo/Jose Luis Magana)

WASHINGTON (AP) — The government shutdown entered its second week with no end in sight and ominous signs that the United States was closer to the first default in the nation’s history as Speaker John Boehner ruled out any measure to boost borrowing authority without concessions from President Barack Obama.

The uncompromising talk rattled financial markets early Monday with the Dow dropping more than 100 points in early trading.

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