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| Stocks Resume Record Run Higher as Bonds Retreat: Markets Wrap Financial shares led the gains with rising yields increasing the outlook for profits. The Stoxx Europe 600 index advanced, with all sectors in the green.
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The debt ceiling deadline is the end of July — Democrats have options, but no clear plan yet In 2011, House Republicans' refusal to pass a debt ceiling increase led to a downgrade of the U.S. sovereign credit rating that upset financial markets.
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