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As Aug. 2 deadline approaches, leaders may settle for cuts of $1 trillion to $2 trillion.

Last-in-first-out accounting provision on the table in debt talks with GOP leaders.

Last-in-first-out accounting provision on the table in debt talks with GOP leaders.

French and German banks weigh rolling over 70% of bond holdings in second rescue.

French and German banks weigh rolling over 70% of bond holdings in second rescue.

Greece must pass austerity package totaling 78 billion euros.

Greece must pass austerity package totaling 78 billion euros.

Exit of Republicans Cantor, Kyl leaves negotiations 'in abeyance.'