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Saturday, 30 July 2011 - Advertising blitz seeks to sway debt debate |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Breakingviews George Chen Bernd Debusmann Gregg Easterbrook James Pethokoukis James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Scientology book author reveals church's inner workings 29 Jul 2011 Debt crisis moves to Senate, deadlock persists | 12:33am EDT Turkey's military in turmoil as top brass quit 2:53am EDT Reid adds Republican "backup plan" to debt bill 29 Jul 2011 Moody's expects to affirm U.S. rating, negative outlook 29 Jul 2011 Discussed 212 Vote delayed on debt bill as default date looms 167 Debt compromise eyed under deadline squeeze 132 Obama, Congress fail to break debt deadlock Watched South Korean scientists create glowing dog Fri, Jul 29 2011 Republicans unite to pass debt bill 1:15am EDT U.S. House passes debt limit increase Fri, Jul 29 2011 Advertising blitz seeks to sway debt debate Tweet Share this Email Print Related News Republican bill passes, opening path to debt deal Fri, Jul 29 2011 Obama ready to work through weekend for debt fix Fri, Jul 29 2011 WRAPUP 11-Republican rebels force new delay in US debt crisis Fri, Jul 29 2011 Vote delayed on debt bill as default date looms Thu, Jul 28 2011 Company View: Executives on debt ceiling talks Thu, Jul 28 2011 Analysis & Opinion Answers to the 7 big “what-ifs” of debt default Recent corporate disclosures reflect unease over U.S. debt ceiling impasse Related Topics Entertainment » Fashion » Politics » Small Business » Money » By Kim Dixon WASHINGTON | Fri Jul 29, 2011 5:43pm EDT WASHINGTON (Reuters) - As U.S. lawmakers scramble to clinch a debt-ceiling deal before a Tuesday deadline, interest groups are blitzing the airwaves to sway members of Congress still sitting on the fence. From the pro-business Club For Growth to national labor unions, outside interests are spending millions to try to influence a fractious debate in Congress over how to deal with the country's yawning budget deficit and whether to raise the government's debt limit. With any legislation expected to pass by only a razor-thin margin, every lawmaker's vote will likely count. The looming deadline gives the ads more immediacy and potentially adds to their influence, political communication experts said. "This is a unique situation because of the ticking clock and this kind of brinkmanship," said Michael Cornfield, a George Washington University professor. "The only parallel I can think of is the last 72 hours during an election, and usually then it is not as close." The House of Representatives began debate on Friday on a Republican-backed bill that slashes spending over a decade to raise the debt ceiling in two stages. Senate Democrats are expected to kill that plan, setting the stage for a potential compromise. The government's $14.3 trillion borrowing limit must be lifted by Tuesday or the country will risk an unprecedented default and downgrade of its credit rating. ADS FROM LEFT AND RIGHT An ad from American Crossroads, which is committed to spending $20 million in ads in coming months to unseat President Barack Obama, features a small girl about to be crushed with shipping containers hanging from a crane, one labeled "$14 trillion debt." The 30-second ad released this week features a breathy woman's voice and ominous music, saying, "America's economy is hanging by a thread ... it's time to take away President Obama's blank check." The ads will run in Colorado, Iowa, North Carolina, New Mexico, Nevada and Virginia -- states seen as up for grabs in next year's presidential election. American Crossroads, a well-funded conservative outside spending group conceived by Republican strategist Karl Rove, spent $70 million in the 2010 congressional elections to help unseat Democrats. Ads from groups traditionally allied with the Democratic Party, including the Service Employees International Union and other labor organizations, have been blasting the airwaves since last week, heaping blame on Republicans if Social Security and veterans' checks are halted. The SEIU and three other groups launched 30-second television spots in eight states on Friday. A spokesman says they spent "six figures" for the eight ads, after running four last week. One juxtaposes a picture of a kindly grandfather and a soldier hugging his grinning child with corporate suits getting out of a limousine and a private jet. The ad urges Republicans "to stop holding the interests of ordinary Americans hostage." The Club for Growth also made a "six-figure" ad buy in Indiana and a slightly smaller one in Utah this month, putting pressure on lawmakers to demand deep spending cuts and a balanced budget amendment. Spending on political advertising, particularly by groups not coordinated with any one politician, is expected to explode heading into the 2012 election after several court decisions easing contribution limits and donor disclosure rules. (Additional reporting by Patricia Zengerle; Editing by Peter Cooney) Entertainment Fashion Politics Small Business Money Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electric trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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