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Moody's Investment Service will likely downgrade America's credit rating if Congress can't reach agreement on a debt ceiling increase by mid-July, the firm said in a statement Thursday.

The major credit rating firm warned that political bickering has gotten out of hand and that they were concerned the two parties' may not reach a deal before the country defaulted on its obligations, which the Treasury Department warns will occur in early August, setting off a financial crisis.

"Although Moody's fully expected political wrangling prior to an increase in the statutory debt limit, the degree of entrenchment into conflicting positions has exceeded expectations," the statement read. "The heightened polarization over the debt limit has increased the odds of a short-lived default. If this situation remains unchanged in coming weeks, Moody's will place the rating under review."

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America, Mitt Romney understands why you did what you did in 2008. And he's not here to judge -- just help you clean up the mess.

In his campaign kickoff speech in New Hampshire today, Romney sounded like a passive-aggressive ex-boyfriend ready to take the country back after it briefly ran off with the hot new guy in school.

"A few years ago, Americans did something that was, actually, very much the sort of thing Americans like to do," Romney said. "We gave someone new a chance to lead; someone we hadn't known for very long, who didn't have much of a record but promised to lead us to a better place."

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Officials in Indiana say they will continue to implement a law that cuts all federal funding for Planned Parenthood in the state, despite a warning from the Department of Health and Human Services that the law violates the rules of Medicaid.

Marcus J. Barlow, spokesman for the Indiana Family and Social Services Administration, said they are consulting with the state Attorney General on how to proceed. "The way the law was written, it went into effect the moment the governor signed it," Barlow told the National Journal. "We were just advised by our lawyers that we should continue to enforce Indiana law."

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The ongoing scandal surrounding a lewd tweet sent from Rep. Anthony Weiner's (D-NY) Twitter account took yet another turn for the weird Thursday as alleged e-mails between the person who first noticed the photo and conservative media guru Andrew Breitbart were leaked.

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Mitt Romney and Sarah Palin continued their run at the top of GOP primary field nationally, according to a new PPP poll of registered voters released Thursday. But now that some other big-name Republicans have taken themselves out of the contest, a few candidates with lower profiles have suddenly -- and significantly -- closed the gap between themselves and the frontrunners.

In the poll, Palin and Romney tied for the lead at 16%. However, Tim Pawlenty (13%) and Herman Cain (12%) both polled within the survey's 4.1% margin of error.

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Secretary of State Hillary Clinton said Thursday that the U.S. takes the recent allegations of the Chinese hacking into senior administration officials' personal Gmail accounts very seriously, and that the FBI is investigating the matter.

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