Treasury Building in Washington, D.C. The trend toward rising red ink was widely anticipated, given the GOP tax cuts and other government policies, including the president's demand for beefed-up military spending.
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They're still talking. President Obama and leaders from Congress will continue deficit-reduction negotiations. July 14, 2011 file photo taken at the White House. From left to right: House Speaker John Boehner (R--OH); Obama; Senate Majority Leader Harry Reid (D-NV); Senate Minority Leader Mitch McConnell (R-KY); Senate Majority Whip Richard Durbin, (D-IL).
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