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Nicholas Wapshott: Shutdown threat means it’s high noon for Obama

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As the nation heads toward a government shutdown and defaulting on its debts, the two battling sides cannot even agree which election they are fighting. Republican presidential hopefuls are jostling for position ahead of the 2016 primaries while President Obama has his eyes on the midterms next year. Both sides insist they will not compromise; yet both sides cannot win.

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