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Showing posts with the label : President Barack Obama

BREAKING: President Obama's Statement on Debt Negotiations

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This morning President Obama delivered a statement once again calling on Congress to compromise to avoid defaulting on the Nation’s debt and calling on the American people to make their voices heard in this debate. Read the President’s statement: Good morning, everybody. I want to speak about the ongoing and increasingly urgent efforts to avoid default and reduce our deficit. Right now, the House of Representatives is still trying to pass a bill that a majority of Republicans and Democrats in the Senate have already said they won’t vote for. It’s a plan that would force us to re-live this crisis in just a few short months, holding our economy captive to Washington politics once again. In other words, it does not solve the problem, and it has no chance of becoming law. What’s clear now is that any solution to avoid default must be bipartisan. It must have the support of both parties that were sent here to represent the American people -– not just one faction. It will h...