Obama: Congress will compromise, raise debt limit

Obama: Congress will compromise, raise debt limit
President Barack Obama, insisting a politically divided government will not risk tanking the world economy, says Congress will once again raise the amount of debt the country can pile up to ensure it has money to pay its bills. For the first time, though, he signaled that he will have to go along with more spending cuts to ensure a deal with Republicans.
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Obama: GOP failure to raise debt limit could throw world into recession; he expects compromise
CHICAGO — President Barack Obama, insisting a politically divided government will not risk tanking the world economy, says Congress will once again raise the amount of debt the country can pile up to ensu

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