Obama Signals No Compromise on Debt Ceiling

US President Barack Obama says Congress must raise the debt ceiling to honor its debts.

Published

4 months ago

Categories

US

Topics

US Politics, United States

People

Barack Obama

Places

United States of America

Transcript

ROUGH CUT - NO REPORTER NARRATION STORY: U.S. President Barack Obama warned Congress on Monday said the U.S. economy was poised for a good year as long as Washington politics did not interfere. He said a Republican refusal to lift the debt ceiling could lead the United States into a debt default, which would prevent the U.S. government from being able to provide Social Security benefits to some seniors and possibly tip the economy into recession. He also said Vice President Joe Biden has developed a list of sensible, common-sense measures to reduce gun violence and he would consider them. Obama is to offer some proposals to reduce gun violence as a result of the massacre last month at a school in Newtown, Connecticut in which 20 children and six adults were shot to death.