Treasury says Congress has month to reach debt deal

WASHINGTON (Reuters) - The U.S. Treasury on Friday stuck with an August 2 deadline for Congress to approve new borrowing and avoid a default, applying more pressure on lawmakers to break partisan gridlock and reach a budget deal.

Source: http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/CuaRiRUV-T4/us-usa-debt-idUSTRE75M80E20110701

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