Debt fight continues despite Wall St. warning (AP) – 1827th Edition

3 06 2011

From Left, Rep. Xavier Becerra, D-Calif., House Minority Leader Nancy Pelosi of Calif., and Rep. John Larson, D-Conn., walk from the White House after a meeting with President Barack Obama regarding the debt ceiling, Thursday, June 2, 2011, in Washington. (AP Photo/Carolyn Kaster)AP – Facing a dire warning from a credit rating agency, the Obama administration lobbied some of Congress’ most conservative members Thursday for an increase in the nation’s debt limit. Republicans responded that the surest way to reassure financial markets was to enact deep deficit cuts.

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