Obama: Congress must — and will — raise debt limit (AP) – 956th Edition

16 04 2011

President Barack Obama smiles during his interview with The Associated Press, Friday, April 15, 2011, in Chicago. (AP Photo/Pablo Martinez Monsivais)AP – President Barack Obama confidently predicted Friday that a divided Congress would raise the nation’s borrowing limit to cover the staggering federal debt rather than risk triggering a worldwide recession, but he conceded for the first time he would have to offer more spending cuts to Republicans to get a deal.

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