President Barack Obama ratcheted up pressure on congressional Republicans to authorize an increase in the nation’s debt limit, warning of potentially catastrophic results for many Americans and the overall economy if the U.S. were to default on its obligations.“The issue here is whether or not America pays its bills,” Obama said at a press conference on Monday, the last of his first term in office. “We are not a deadbeat nation.”
Read more @: Obama chides GOP on debt limit: 'We are not a deadbeat nation' - NBC Politics
While I’m willing to compromise and find common ground over how to reduce our deficit, America cannot afford another debate with this Congress over how to pay the bills they’ve already racked up,” Obama said in the East Room of the White House at what aides have billed as the final news conference of his first term. “To even entertain the idea of this happening, of America not paying its bills, is irresponsible. It’s absurd.”
Read more: Obama press conference: No ?ransom? for raising debt ceiling - Jennifer Epstein - POLITICO.com
Obama said he will not negotiate on the debt ceiling. He also talked about gun control, and more.