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Obama Digs In As Debt Ceiling Fight Looms

By Matea Gold, Los Angeles Times - January 5, 2013

Fresh off this week’s last-minute “fiscal cliff” deal, President Obama on Saturday dug in as the prospect of another budget clash with congressional Republicans loomed, warning that he will not negotiate over raising the nation’s debt limit.

“One thing I will not compromise over is whether or not Congress should pay the tab for a bill they’ve already racked up,” Obama said in his weekly address. “If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. The last time Congress threatened this course of action, our entire economy suffered for it. Our families and our businesses cannot afford that dangerous game again.”

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