I thought the default request timeout was 30 sec for the HTTP service. The only thing I can find with a default timeout of 120 is the threadpool.
You could try increasing that, but it's probably recommended that you figure out why the request is taking so long to execute. 2 1/2 minutes for a web-based request is pretty hefty in the user-experience world.
But you know your app needs better than I, I'm sure.
Hope this helps.
Andrew
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