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Obama calls for compromise amid stalemate in debt talks

Obama offers ‘balanced’ solution to debt Washington (CNN) — President Barack Obama called on the American public to pressure elected officials to work out a compromise to raise the federal debt ceiling and avoid a potentially devastating default. A deal would allow the government to continue borrowing money to pay its debts after August 2. The challenge came during the president’s seventh prime-time televised address Monday night. The president singled out House Republicans for intransigence and said the political showdown is “no way to run the greatest country on Earth.” “The American people may have voted for divided government, but they didn’t vote for a dysfunctional government,” Obama…