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September 23, 2013

Obama Warns Republicans on Debt Ceiling Vote 
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Republicans have also vowed to link the upcoming debate on extending the
Treasury’s borrowing limit to an Obamacare repeal. The United States
is facing a deadline of around mid-October to expand the $16.7 trillion
debt ceiling or face a default on its debts. Speaking in Missouri after
Friday's House vote, President Obama said the U.S. risks becoming a
"deadbeat" country.

President Obama: "This is the United States of America. We're not some
banana republic. This is not a deadbeat nation. We don't run out on our
tab. We're the world's bedrock investment. The entire world looks to us
to make sure the world's economy is stable. We can't just not pay our
bills and even just threatening something like that is height of
irresponsibly so what I have said is that I will not negotiate over the
full faith and credit of the United States."

 

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