ezXplain

Obama digs in heels, refuses to negotiate debt ceiling

WASHINGTON (Reuters) – President Barack Obama on Monday rejected any negotiations with Republicans over raising the U.S. borrowing limit, accusing his opponents of trying to extract a ransom for not ruining the economy in the latest fiscal fight. At a White House news conference called to promote his position on the budget, Obama vowed not to trade cuts in government spending sought by Republicans in exchange for raising the borrowing limit. "What I will not do is to have that negotiation with a gun at the head of the American people," he said. …

Quoted from Obama digs in heels, refuses to negotiate debt ceiling on Yahoo! News – Latest News & Headlines

Leave a Reply

Required fields are marked *.


This site uses Akismet to reduce spam. Learn how your comment data is processed.