President Barack Obama and House Republican leaders were movingtoward an agreement to extend the nation's borrowing authority asthey remained at odds over terms for ending the partial governmentshutdown.

They met for 90 minutes at the White House yesterday after HouseSpeaker John Boehner of Ohio said he would offer a measure topostpone a potential U.S. default to Nov. 22 from Oct. 17, a stepback from the brink that was enough to trigger the biggest rise inU.S. stocks in nine months.

The developments were the first sign that the president andHouse Republican leaders could resolve the fiscal impasse withoutnegative economic consequences from a default as the halt ingovernment operations moved into its 11th day.

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