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Republicans bail on budget talks, blame Democrats (AP)

FILE - In this June 13, 2011 file photo, House Majority Leader Eric Cantor, R-Va., meets with reporters in his office on Capitol Hill in Washington. Cantor said Thursday that Democratic demands for tax increases have brought budget negotiations led by Vice President Joe Biden to an impasse and that he's pulling out of the talks. (AP Photo/J. Scott Applewhite, File)AP - Republicans pulled out of debt-reduction talks led by Vice President Joe Biden with a flourish on Thursday, blaming Democrats for demanding tax increases as part of a deal rather than accepting more than $1 trillion in cuts to Medicare and other government programs.