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Wed 16 Oct, 2013

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Talks stall as US debt ceiling deadline looms

US politicians are still locked in talks to raise the country's debt ceiling, with the possibility that the government could begin to run out of money later this week if no deal is struck.

The Republican-controlled House and Democratic-led Senate are negotiating to end the government shutdown, which began 15 days ago when Republicans demanded Barack Obama kill off his healthcare reforms.

If no deal is struck by a Friday (Australian time) deadline the government will reach its borrowing limit, potentially causing the US financial sector to freeze up, threatening the global economy.

White House spokesman Jay Carney said talks in the Senate were making progress but "we're far from a deal at this point".

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The Drum

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It's about muckraking, not kingmaking

Left intellectuals spent years obsessing over the wickedness of Australia's press corps, and how it was trying to secure government for Tony Abbott.

The expenses scandal demonstrates how off-target all that outrage about the media really was. It turns out the press is more interested in muckraking than kingmaking.

If the Coalition thought the press was on their side before the election, they no longer do now. Hopefully there's another lesson the Coalition will learn from this episode - there's no such thing as media management.

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Just In

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War criminal Charles Taylor transferred to UK prison

War criminal Charles Taylor has been transferred under tight security from The Hague to a British prison, where the former Liberian president will serve out the remainder of a 50-year sentence.

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World

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War criminal Charles Taylor transferred to UK prison

War criminal Charles Taylor has been transferred under tight security from The Hague to a British prison, where the former Liberian president will serve out the remainder of a 50-year sentence.

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Business

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Talks stall as US debt ceiling deadline looms

US politicians are still locked in talks to raise the country's debt ceiling, with the possibility that the government could begin to run out of money later this week if no deal is struck.

The Republican-controlled House and Democratic-led Senate are negotiating to end the government shutdown, which began 15 days ago when Republicans demanded Barack Obama kill off his healthcare reforms.

If no deal is struck by a Friday (Australian time) deadline the government will reach its borrowing limit, potentially causing the US financial sector to freeze up, threatening the global economy.

White House spokesman Jay Carney said talks in the Senate were making progress but "we're far from a deal at this point".

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Politics

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Urgent legal change to stop young killers' parole

Urgent legislation is being prepared by the South Australian Government to prevent the murderers of a Sudanese man appealing to the Supreme Court for early release from prison.

The men were youths when given life sentences for the murder of Akol Akok at Pennington in Adelaide in 2009.

They have sought to be released on licence even though their non-parole periods have not expired.

The Young Offenders Act allows such a move because the men are serving their sentences in a juvenile prison.

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Sport

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Australia stops the rot with win over Canada

Australia has beaten Canada 3-0 at Craven Cottage to end a terrible week for the national team on a positive note.

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Science and Technology

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Rare mosquito fossil shows insect's blood-filled belly

A unique 46-million-year-old mosquito fossil with a belly full of dried blood has been found in a Montana riverbed.

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Environment

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Businesses may have to keep paying carbon tax if repeal fails

Federal Environment Minister Greg Hunt has refused to say if businesses will continue to pay the carbon tax after June next year if the repeal bills have not passed.

The Government's draft legislation says the carbon tax will not continue beyond June next year.

But Mr Hunt, who will today start consulting business and environment groups about the legislation, told AM the repeal bills need to pass for the tax to be scrapped.

"The tax ends on June 30, 2014, the moment that legislation is passed," he said.

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