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President presses for deal on U.S. debt ceiling.
Last-minute deal would avoid default, but U.S. might lose AAA, Pimco exec says.
House Speaker Boehner pushes two-step extension of debt limit.
Obama, Boehner press for agreement that involves $3 trln in cuts over 10 years.
Senate plan backed by Obama faces resistance in the House.
Reid, McConnell amend proposal to bolster deficit cuts.