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Democratic leaders in the Senate on Friday urged President Obama to
consider bypassing Congress to prevent the nation from defaulting on its
spending obligations if lawmakers cannot agree to raise the nation’s
$16.4 trillion debt ceiling next month.
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http://www.nytimes.com/2013/01/12/us/politics/democrats-urge-obama-to-take-any-lawful-steps-to-avoid-default.html