Obama rejects stopgap in favor of major debt reform (3)

15:30, July 12, 2011      

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Boehner, however, on Monday reiterated the Republican stance that "tax hikes never had a place in this discussion and never will", showing the wide gap between the two parties' fiscal reduction approaches.

Obama was scheduled to host a new round of talks with the congressional leaders on Tuesday afternoon, but experts said a deal remained unlikely unless both parties made concessions on tax increases and other thorny issues.

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