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. . . .
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