Arab Today, arab today obama warns on \dangerous game\ with debt ceiling
Last Updated : GMT 06:27:13
Arab Today, arab today
Arab Today, arab today

Obama warns on \'dangerous game\' with debt ceiling

Arab Today, arab today

Arab Today, arab today Obama warns on \'dangerous game\' with debt ceiling

Washington - AFP

US President Barack Obama on Saturday warned congressional Republicans against what he called a \"dangerous game\" with the country\'s economy as lawmakers prepared for a new battle over the national debt ceiling. \"As I said earlier this week, one thing I will not compromise over is whether or not Congress should pay the tab for a bill they\'ve already racked up,\" the president said in his weekly radio and Internet address. \"If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic,\" he pointed out. Obama recalled that the US economy \"suffered\" and congressional Republicans clashed over national debt in 2011, a row that resulted in a downgrade of the US credit rating. \"Our families and our businesses cannot afford that dangerous game again,\" the president said. The United States reached its legal borrowing limit of $16.4 trillion on Monday. Now Congress has about two months to raise the debt ceiling to allow more government borrowing or risk causing the government to default on its bills and financial obligations. A bipartisan \"fiscal cliff\" deal passed by Congress later in the week did not address the debt ceiling issue. Republicans, who accepted this deal without any significant spending cut, are now demanding concessions on expenditures in return for allowing the ceiling to rise. House Speaker John Boehner has warned the Republicans will ask for \"significant spending cuts\" and reforms of expensive programs like Social Security and Medicare that provide pensions and health care services for the nation\'s seniors. Obama said he was for spending cuts without shortchanging things like education, job training, research and technology. \"But spending cuts must be balanced with more reforms to our tax code,\" he said. \"The wealthiest individuals and the biggest corporations shouldn\'t be able to take advantage of loopholes and deductions that aren\'t available to most Americans.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama warns on \dangerous game\ with debt ceiling Arab Today, arab today obama warns on \dangerous game\ with debt ceiling

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 06:04 2017 Tuesday ,28 March

Saudi Arabia ranks 3rd globally for smartphone use

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday