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President suggests he's willing to accept some entitlement cuts.
Possible solution could include tax reform and changes to entitlement programs, says Lord Abbett's Milton Ezrati.
Boehner proposes $2.2 trln of spending cuts and new revenue.
Purchasing managers index breaks below 50, hits lowest level since mid-2009.
Money fund investments rise as companies brace for TAG expiration, SunGard says.
Analyst argues investors thirst for dividends and buybacks threatens business investment.