Updated Thursday, July 24, 2014 as of 10:32 AM ET

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Obama Makes Last-Minute Appeal as Budget Deadline Nears

Margaret Talev

President Barack Obama made a last- minute appeal for compromise as three senators said the chances were greater than 50-50 for a deal to avert more than $600 billion in tax increases and spending cuts scheduled to take effect Jan. 1. In an interview broadcast Sunday on NBC’s “Meet the Press,” Obama warned of “an adverse reaction in the markets” if Congress doesn’t act.

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