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Obama says he will not negotiate with Congress on debt ceiling [View all]
Source: Reuters
Obama says he will not negotiate with Congress on debt ceiling
By Steve Holland and Mark Felsenthal
WASHINGTON | Mon Sep 16, 2013 6:15pm EDT
(Reuters) - President Barack Obama warned Republicans in Congress on Monday that he will not negotiate over an extension of the U.S. debt ceiling as part of a budget battle that will soon dominate Washington, with a deadline fast approaching.
Pivoting to domestic policy after devoting weeks to the crisis in Syria, Obama scolded his political opponents for threatening a federal government shutdown and attempting to attach conditions to funding the budget for the 2014 fiscal year that begins October 1.
"Let's stop the threats. Let's stop the political posturing. Let's keep our government open. Let's pay our bills on time. Let's pass a budget," Obama said.
In a speech marking five years of the start of the financial crisis that sent Wall Street teetering, the U.S. banking system to the brink of collapse and the economy into recession, Obama said much progress had been made in rebuilding the economy but much more remains to be done.
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By Steve Holland and Mark Felsenthal
WASHINGTON | Mon Sep 16, 2013 6:15pm EDT
(Reuters) - President Barack Obama warned Republicans in Congress on Monday that he will not negotiate over an extension of the U.S. debt ceiling as part of a budget battle that will soon dominate Washington, with a deadline fast approaching.
Pivoting to domestic policy after devoting weeks to the crisis in Syria, Obama scolded his political opponents for threatening a federal government shutdown and attempting to attach conditions to funding the budget for the 2014 fiscal year that begins October 1.
"Let's stop the threats. Let's stop the political posturing. Let's keep our government open. Let's pay our bills on time. Let's pass a budget," Obama said.
In a speech marking five years of the start of the financial crisis that sent Wall Street teetering, the U.S. banking system to the brink of collapse and the economy into recession, Obama said much progress had been made in rebuilding the economy but much more remains to be done.
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Read more: http://www.reuters.com/article/2013/09/16/us-usa-economy-obama-idUSBRE98F0OA20130916
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