Debt Ceiling Negotiations

Obama Takes Stand On Debt

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President Barack Obama has spoken about raising the US borrowing limit at a surprise news conference at the White House. The US economy is “poised for a good year as long as Washington politics don‘t interfere”, said Obama on Monday in a speech that focused on looming budget and borrowing due dates. Obama said Congress‘ failure to raise the government‘s borrowing authority would delay payments of benefits to veterans and Social Security recipients.
Read it at Aljazeera

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