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U.S. President Barack Obama speaks about the payroll tax bill in the White House Press Briefing Room Dec. 23, 2011 in Washington, DC. (Getty Images/Getty Images)
U.S. President Barack Obama speaks about the payroll tax bill in the White House Press Briefing Room Dec. 23, 2011 in Washington, DC. (Getty Images/Getty Images)

White House to delay debt ceiling request Add to ...

United States President Barack Obama has agreed to delay submitting a debt ceiling increase request until next month to allow lawmakers time to consider it while they are in session, the White House said on Friday.

Under an August deal between Mr. Obama’s Democrats and the Republicans, Congress is unlikely to block the expected $1.2-trillion (U.S.) increase request, ensuring the debt limit will not be reached again until after November’s presidential election.

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