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Does he need to say more... 

By: oldCADuser in FFFT | Recommend this post (2)
Mon, 14 Jan 13 9:57 PM | 44 view(s)
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Obama: Failure to hike debt limit may roil market

Jan. 14, 2013, 11:56 a.m. EST

WASHINGTON (MarketWatch) - President Barack Obama on Monday again urged Congress to increase the debt ceiling, saying that failure to act could roil financial markets. "Investors around the world will ask if the United States of America is in fact a safe bet, markets could go haywire, interest rates would spike," Obama said during the final press conference of his first-term. Obama called the last fight over the debt limit in the summer of 2011 a "fiasco" that hurt the economy and actually raised the deficit. He said that raising the debt ceiling does not authorize new spending.

http://www.marketwatch.com/story/obama-failure-to-hike-debt-limit-may-roil-market-2013-01-14

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