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Report: Progress made on revenue deal

Updated: July 7, 2011, 2:21 PM ET
Associated Press

DURBAN, South Africa -- U.S. and international Olympic leaders made progress in negotiations on a new revenue-sharing deal Thursday that could lead to a last-minute American bid for the 2020 Summer Games, officials from both sides told The Associated Press.

The International Olympic Committee and U.S. Olympic Committee held a new round of talks aimed at resolving the financial issues that have strained relations for years and contributed to defeats for New York for the 2012 Games and Chicago ...

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