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US Congress eyes another debt ceiling showdown

House Speaker John Boehner speaks to the media on July 11, 2013 in Washington, DC. Signaling an autumn fiscal showdown, the top Republicans in the US House and Senate warned Tuesday that extending federal borrowing authority would require fresh spending cSignaling an autumn fiscal showdown, the top Republicans in the US House and Senate warned Tuesday that extending federal borrowing authority would require fresh spending cuts. "We're not going to raise the debt ceiling without real cuts in spending. It's as simple as that," House Speaker John Boehner told reporters.