Obama draws debt line

Won’t let GOP use ceiling as leverage, he says

Posted: December 6, 2012 at 12:36 a.m.

President Barack Obama, addressing business leaders Wednesday, said a fiscal solution is “not that tough.”

President Barack Obama warned Republicans on Wednesday not to use the debt ceiling as leverage on spending and tax decisions, saying he refused to engage again in the sort of brinkmanship that took the country close to default last year and damaged its credit rating.

'Cliff' Talks in 'Critical' Phase

As Washington hurtles toward the year-end showdown known as the "fiscal cliff," President Barack Obama is demanding the GOP accept higher tax rates for the rich before making a deal. (By The Associated Press)
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