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Rep. Cummings: Debt Fight A "Manufactured" Crisis

"I think the President is going to have to step in and he's going to have to say basically 'Look guys, there doesn't seem to be an agreement here and so basically let's sign this clean extension.' By the way, which is what just about every member of the Democrats on the House side are petitioning for and I think will resolve this matter," Rep. Elijah Cummings (D-MD) said on "Morning Joe."

"You know, come on. I mean, Mika, you've got a situation where over the years, Ronald Reagan had the debt extended 18 times, Bush 10 times without all of this.

"Again, we have issues that we have to deal with. I don't think that there is one person in the House that does not believe that we have to reduce spending. No doubt about it. But at the same time, we have a crisis facing us. We see the stock markets going down as we speak."

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