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Obama to deliver primetime speech at 9:00 pm ET

With the debt-ceiling clock ticking, the White House just announced that President Obama will deliver an address to the nation at 9:00 pm ET tonight. He'll give it from the East Room.

White House Press Secretary Jay Carney tweeted:

POTUS to address nation, 9 pm tonight, re stalemate over avoiding default and the best approach to cutting deficits. Watch @ wh.gov/live.