WASHINGTON—The next phase in the bitter, two-year-long battle
between the White House and congressional Republicans began in earnest
Monday, with President Barack Obama and GOP leaders digging in over
spending and the debt limit.
Mr. Obama, speaking at a hastily
called news conference, sought to blunt any momentum gathering around
congressional Republican plans to use the vote on raising the debt limit
as leverage in coming budget fights, saying it is "irresponsible" and
"absurd" to even consider defaulting on U.S. debt in an attempt to
extract spending cuts from Democrats.
The president said the threat of default already is harming ...
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