Obama Says He Will Not Compromise on Debt Ceiling

While I’m willing to compromise and find common ground over how to reduce our deficit, America cannot afford another debate with this Congress over how to pay the bills they’ve already racked up. To even entertain the idea of this happening, of America not paying its bills, is irresponsible. It’s absurd.

— President Obama, repeating his call for deficit reduction at a press conference “but warned against the potentially catastrophic effect on the economy by tying cuts to raising the debt ceiling,” Politico reports.

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