The weekend produced little progress over the U.S. budget standoff, keeping the dollar close to 8-month lows against a basket of major currencies.
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A few proposals in Washington, D.C., lay out plans that would eliminate some home mail boxed. Also, eliminating the dollar bill, with CNBC's Eamon Javers.
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The European Union should appoint a new budget tsar with powers to dictate taxes and spending in euro zone countries and who could ultimately adjudicate whether countries should be kicked out of the euro, the Dutch prime minister has argued in the Financial Times.
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Gold edged lower on Friday, but still was headed for its fourth straight week of gains, as investors wait for a vote by the U.S. House of Representatives on a Republican plan to cut the budget as an Aug. 2 deadline for raising the debt ceiling approaches.
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The federal budget deficit is on pace to break the $1 trillion mark for the third straight year, ratcheting up the pressure on the White House and Congress to reach a deal to rein in spending.
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