[FRANCE24] President Barack ObamaThe Cambridge police acted stupidly...
warned Monday that unless Republican politicians agree to raise the US sovereign debt ceiling the country could face a new economic crisis and global markets could go "haywire."
"To even entertain the idea of this happening, of the United States of America not paying its bills, it is irresponsible, it is absurd," Obama said, repeating his demand for a debt limit rise.
"We are not a deadbeat nation," the president said in his final presser of his first White House term, pinning responsibility for the government's deficit spending on Congress, which passes spending bills.
"While I'm willing to compromise and find common ground over how to reduce our deficits, America cannot afford another debate with this Congress about whether or not they should pay the bills they've already racked up."