Parties assess debt options as time runs short

President Obama poses for photographers in the Blue Room at the White House in Washington after he spoke regarding the budget and averted government shutdown after a deal was made between Republican and Democrat lawmakers, Friday, April 8, 2011. (AP Photo/Charles Dharapak)

July 17, 2011 8:56:51 AM PDT
The White House held out hope Sunday that congressional leaders still had time "to get something big done" with President Barack Obama as the deadline for raising the nation's debt ceiling drew nearer without a solution.

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