'White House changed terms when deal was close'

By REUTERS
July 23, 2011 01:26

 
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WASHINGTON - President Barack Obama and congressional Republicans were close to a deal to raise the debt ceiling early last week until the White House changed its demands to call for higher taxes, senior Republican aides said on Friday.

The White House changed its demands after a group of senators known as the "Gang of Six" unveiled their own budget plan on Tuesday, the aides said.

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