With President Obama back in Washingtonto lead the negotiations, a last minute deal is still attainable.
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While there may be a last minute deal, as there was with the fiscal cliff, it seems less likely.
As are changes in the tax law that are set to take effect in January, short of a last minute deal being worked out.
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Less than a month ago, Congress and the White House struck a last-minute deal to stop a combination of sharp spending cuts and tax increases from taking effect - measures that would have damaged the fragile economy.
The current fight over the debt limit comes less than a month after Congress and the White House struck a last-minute deal to prevent the so-called fiscal cliff - a combination of sharp spending cuts and tax increases.
But with a last minute tax deal, the IRS has pushed off opening day until January 30.
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The best case scenario was a last minute budget deal, with subpar reforms and cutbacks, which is exactly what happened.
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Still, while the U.N. talks are at an impasse, some analysts say there is still hope for a last-minute deal.
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Lawmakers made a last-minute deal on 1 January to put them off for two months, but the ultimate outcome is undecided.
David Espo, Federal shutdown: Democrats and Republicans made a last minute historic deal to cut the federal budget and avoid a federal shutdown.
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Opening day for the IRS had been delayed by more than a week, following a last minute tax deal meted out by Congress in early January.
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Predicting the outcome of this battle is dangerous, but a last-minute deal that satisfies no one, including GM investors, Delphi creditors and UAW workers, is my bet.
The index logged its best January in almost two decades, after lawmakers reached a last-minute deal to avoid the "fiscal cliff" of sweeping tax increases and spending cuts.
The vote comes less than three weeks after Congress and the White House struck a last-minute deal to prevent the so-called fiscal cliff of sharp spending cuts and tax increases.
Though most investors think a last-minute deal to raise the debt limit will eventually emerge, the difficulty of reaching an agreement may leave a lasting impression on investor sentiment, some traders fear.
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The automatic spending cuts were originally set to take place on 1 January, before Congress passed a last-minute deal to prevent tax rises on most Americans and delay the cuts for two months.
Although many observers expect U.S. lawmakers to reach a last-minute deal to avoid defaulting on its debt, the uncertainty is prompting investors to shift assets into safe havens, like gold and the Swiss franc.
The current fight over the debt limit comes less than three weeks after Congress and the White House struck a last-minute deal to prevent the so-called fiscal cliff of sharp spending cuts and tax increases.
Then again, if those rates are going up anyway either because we go off the cliff or because Mr. Obama maneuvers them into a panicked, last-minute deal the rational GOP response is to instead choose a deliberate course that mitigates its own political damage, and lands some blows.
After almost two years of painfully slow negotiations, and at the last minute, a deal was struck in the Nigerian capital, Abuja, on May 5th between the Sudanese government and the largest rebel movement active in Sudan's vast western region of Darfur.
Congress and the President waited until the last minute to make a deal, technically after we plunged off the fiscal cliff, but before stock markets registered their reaction to a new year with no deal to avert the manufactured crisis.
The summit's last minute provisional deal on a framework for such mutual recognition was a relief to businessmen who have been pressing hard for it through a transatlantic business dialogue.
The headline news is that the Ravens held off a last minute 49ers push last night to seal the deal, winning the Super Bowl even after an ominous power outage.
"This was not some last-minute deal, " said a spokesman for the Finance Committee.
Agassi did, however, cancel an appearance at a Wall Street Journal conference last month at the last minute to deal with business in Israel.
If a deal is done today - and expect some last minute haggling - it will be described as historic.
The last-minute deal between Campos and the government averts a highly-anticipated trial that was scheduled to take place on April 9.
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"I was always confident of securing a deal, but it was always going to be a last minute thing in this economic climate, " said Hennessy.
Get Creative, but Keep Your Stress Level In-Check: The holidays are demanding enough as it is, and coming up with a new pie-in-the-sky mobile app or daily-deal promotion at the last minute might suck up hours of your time that could be better spent with your customers.
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The BBC's David Bamford says there is a sense of relief in Washington that the last-minute intervention by the French Government did not throw the negotiated deal with Libya completely off course.
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