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August 30, 2007

Comments

Burberry Handbags

The political fallout for Obama could be far greater if there is no agreement. A default and government-debt downgrade could send the U.S. economy into another recession, potentially dooming Obama's prospects for re-election in 2012.

Hermes

That makes the crisis especially difficult for Obama to navigate and gives Republican lawmakers a fair amount of leverage as they push for steep spending cuts in exchange for raising the legal limit on the country's borrowing.

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