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Oct 7, 2013 12:19 PM by Associated Press

UPDATE: Stocks sink as Washington stalemate drags on

NEW YORK (AP) - The stock market is lower as the U.S. government heads into a second week of a partial shutdown with no signs of a budget agreement in sight.

The Dow lost 1.2 percent last week as investors became anxious that the budget stalemate in Washington could bring the U.S. closer to defaulting on its debt. Lawmakers have until Oct. 17 to reach a deal on increasing the nation's borrowing limit.

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