U.S. dollar still strong, Obama says in CBS interview
WASHINGTON (Reuters) - President Barack Obama said on Sunday the U.S. dollar is still strong but warned that excessive borrowing and high deficits could weaken Treasury bill demand.
"The dollar is still strong because people are still buying Treasury bills. They still think that's the safest investment out there," Obama said in an interview on CBS's "60 Minutes."
Asked whether there was a limit to the amount of money the United States could spend or print to solve the economic crisis Obama added: "If we don't get a handle on this, and also start looking at our long-term deficit projections, at a certain point people will stop buy those Treasury Bills."
(Reporting by Deborah Charles)
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