U.S. Deficit, Debt Ceiling and Prospects for Talks

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July 12 (Bloomberg) -- Senator Jeff Sessions of Alabama, the senior Republican on the Senate Budget Committee, talks about the prospects for a compromise agreement on reducing deficits and raising the $14.3 trillion federal debt ceiling before the government exhausts its borrowing authority on Aug. 2. He speaks with Megan Hughes on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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