Monday 14 January 2013

The Coming Crisis: Obama refuses to negotiate over raising debt ceiling

The Coming Crisis
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Obama refuses to negotiate over raising debt ceiling
Jan 14th 2013, 21:17

President Barack Obama on Monday rejected any negotiation with Republicans over the most pressing U.S. fiscal issue, refusing to trade cuts in government spending in exchange for raising the borrowing limit.

"If the goal is to make sure that we are being responsible about our debt and our deficit - if that's the conversation we're having, I'm happy to have that conversation," Obama said. "What I will not do is to have that negotiation with a gun at the head of the American people," he told a news conference.

http://www.reuters.com/article/2013/01/14/us-usa-obama-debt-idUSBRE90D0UK20130114

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