Monday, July 25, 2011


WASHINGTON (AP) ? In a blunt challenge to President Barack Obama, House Republicans drafted legislation Monday to avert a potentially devastating Aug. 2 government default ? but along lines the White House has already dismissed. U.S. and world financial markets shrugged off the uncertainty. “This is a city where compromise is becoming a dirty word,” Obama lamented as congressional leaders groped for a way out of a looming crisis.