Swift rise in debt limit essential, Obama says

Posted: January 15, 2013 at 12:40 a.m.

President Barack Obama speaks during the last news conference of his first term Monday in the East Room of the White House in Washington.

President Barack Obama demanded Monday that lawmakers raise the nation’s $16.4 trillion federal debt limit quickly, warning that “Social Security benefits and veterans’ checks will be delayed” if they don’t and cautioning Republicans not to insist on cuts to government spending in exchange.

Obama: U.S. is 'not a deadbeat nation'

President Barack Obama is demanding that Congress raise the federal debt limit quickly. He says Monday, Jan. 14, 2013, that benefits including those for veterans will be delayed if they don't, and warns Republicans not to demand concessions in exchange. (By The Associated Press)
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