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>> UNITED STATES OF AMERICA Latest News

JAN 18, 2013 - Washington Business Journal

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Obama insists on decoupling debt ceiling from spending cuts

Neither President Barack Obama nor congressional Republicans show any signs of blinking as a mid-February deadline approaches for raising the federal government’s debt ceiling. Obama used the final press conference of his first term to attack Republicans for tying an increase in the debt ceiling to additional spending cuts. “The “full faith and credit United States of America is not a bargaining chip,” he said during the Monday event. Raising the debt ceiling doesn’t authorize more spending,…

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