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Obama won't negotiate under threat of debt default -aide
October 7, 2013 / 12:41 PM / 4 years ago

Obama won't negotiate under threat of debt default -aide

WASHINGTON, Oct 7 (Reuters) - White House officials remained firm on Monday that President Barack Obama will not negotiate with congressional Republicans under the threat of a debt default and repeated that it is up to Congress to raise the U.S. borrowing cap.

“There has never been a period where you have a serious faction or a serious strategy by one political party ... to use the threat of default as the main tactic in extracting policy,” White House National Economic Council Director Gene Sperling said at a Politico breakfast on Monday.

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