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President Barack Obama talks with senior advisors in the Oval Office to discuss ongoing efforts in the debt limit and deficit reduction talks, July 31, 2011. Pictured, from left, are: Vice President Joe Biden; Rob Nabors, Assistant to the President for Legislative Affairs; OMB Director Jack Lew; Pete Rouse, Counselor to the President; and Senior Advisor Valerie Jarrett. (Official White House Photo by Pete Souza)