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President Barack Obama and Republican presidential nominee Mitt Romney participate in the first presidential debate at the University of Denver, Wednesday, Oct. 3, 2012, in Denver.

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Obama, Romney clash on economy in first debate

In a showdown at close quarters, President Barack Obama and Republican Mitt Romney sparred aggressively in their first campaign debate Wednesday night over taxes, deficits and strong steps needed to create jobs in a sputtering national economy. "The status quo is not going to cut it," declared the challenger.

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