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New GOP shutdown/debt plan, but no agreement yet

Hopes remained high on Wall Street, where investors sent the Dow Jones industrial average 111 points higher following Thursday's 323-point surge. Obama met at the White House with small business owners about the impacts they were feeling from the budget battles, and said he hoped to be able to bring them toward a conclusion, said Det Ansinn, who attended the session.

"He was a little slightly melancholy that maybe it could be done over the weekend and maybe not. He's been down this road before," said Ansinn, owner of Doylestown, Pa.-based mobile and Web app developer Brick Simple. Ansinn said he told the president how the shutdown is threating to delay some of his projects and he fears what a possible impending government default could do to the economy.

In meetings with lawmakers over two days, Obama left open the possibility he would sign legislation repealing a medical device tax enacted as part of the health care law. Yet there was no indication he was willing to do so with a default looming and the government partially closed.

Obama called Boehner at midafternoon, and Michael Steel, a spokesman for the leader of House Republicans, said, "They agreed that we should all keep talking."

Jay Carney, the president's press secretary, said Obama "appreciates the constructive nature of the conversation and the proposal that House Republicans put forward. At yet, the spokesman said, "He has some concerns with it."


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