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Obama urges Senate Dems, Republicans to come together on debt plan

WASHINGTON

Obama urges Democrats, GOP to unite

President Barack Obama said Friday there are multiple ways to resolve the debt ceiling mess, but it has to be bipartisan and it has to happen fast. The president urged Democrats and Republicans in the Senate to come together on a plan that can pass the House and that he can sign. "The power to solve this is in our hands on a day when we've been reminded how fragile the economy already is," he said from the White House as U.S. markets fell in response to a sour report on economic growth. "This is one burden we can lift ourselves. We can end it with a simple vote." Obama urged Americans to keep the pressure on Congress. Later in the day, his 2012 campaign took to Twitter to urge followers to tweet members of Congress. "Live in MN? Have a Republican representative? Tweet them and ask them to support a bipartisan compromise to deficit reduction," BarackObama tweeted.

Associated Press, McClatchy Newspapers

Los Angeles

Apple surpasses Treasury's cash

Apple Inc. may not have more money than God. But it's got more cash than Uncle Sam. As the government struggled to reach an agreement on raising the debt ceiling, the U.S. Treasury's cash balance fell to $74 billion this week. That's less than the $76 billion that Apple now has in cash. To be fair, comparing Apple's cash reserves with the Treasury's is not exactly apples to apples. Apple's billions are essentially the funds in its bank accounts, while the federal number represents the amount of money the government has left before it hits the legal debt limit — a figure that can be changed by Congress. At about $362 billion, Apple is the second-largest company in the world by market value (behind Exxon Mobil Corp. at $395 billion) — big by any standard, but still far smaller than the U.S. government, which will spend close to $3.8 trillion this year, 10 times what Apple is worth.

Los Angeles Times

Washington

Florida House members' votes

All Republicans except for Connie Mack and Steve Southerland voted yes on Speaker John Boehner's debt plan.

Republicans: Sandy Adams, yes; Gus Bilirakis, yes; Vern Buchanan, yes; Ander Crenshaw, yes; Mario Diaz-Balart, yes; Richard Nugent, yes; Connie Mack, no; John Mica, yes; Jeff Miller, yes; Bill Posey, yes; David Rivera, yes; Tom Rooney, yes; Ileana Ros-Lehtinen, yes; Dennis Ross, yes; Steve Southerland, no; Cliff Stearns, yes; Daniel Webster, yes; Allen West, yes; C.W. Bill Young, yes

Democrats (all voted no): Corrine Brown, Kathy Castor, Ted Deutch, Alcee Hastings, Debbie Wasserman Schultz, Frederica Wilson

All House Republicans voting no:

Justin Amash (Mich.), Michele Bachmann (Minn.), Paul Broun (Ga.), Jason Chaffetz (Utah), Chip Cravaack (Minn.), Scott DeJarlais (Tenn.), Jeff Duncan (S.C.), Trey Gowdy (S.C.), Tom Graves (Ga.), Tim Huelskamp (Kan.), Timothy Johnson (Ill.), Jim Jordan (Ohio), Steve King (Iowa), Tom Latham (Iowa), Connie Mack (Fla.), Tom McClintock (Calif.), Mick Mulvaney (S.C.), Ron Paul (Texas), Tim Scott (S.C.), Steve Southerland (Fla.), Joe Walsh (Ill.), and Joe Wilson (S.C.)

Obama urges Senate Dems, Republicans to come together on debt plan 07/29/11 [Last modified: Friday, July 29, 2011 10:54pm]
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