Obama to speak on Thursday about path ahead on fiscal issues

WASHINGTON Thu Oct 17, 2013 5:30am EDT

U.S. President Barack Obama speaks to the media in the briefing room of the White House in Washington after the Senate passed the bill to reopen the government, October 16, 2013. REUTERS/Yuri Gripas

U.S. President Barack Obama speaks to the media in the briefing room of the White House in Washington after the Senate passed the bill to reopen the government, October 16, 2013.

Credit: Reuters/Yuri Gripas

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WASHINGTON (Reuters) - President Barack Obama will deliver a statement on Thursday at 10:35 a.m. about the need for Democrats and Republicans to work together on fiscal issues following the 11th hour deal in Congress that ended a 16-day government shutdown and averted a debt default.

"I'll have more to say about this tomorrow, and I've got some thoughts about how we can move forward in the remainder of the year, stay focused on the job at hand," Obama said on Wednesday, after the Senate approved the deal.

(Reporting by Roberta Rampton; editing by Jackie Frank)

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Comments (1)
CountryPride wrote:
The greatest criminal in our country today! OWEbama! Who will spend money on foreign aid, warmongering around the world, useless pork projects, vast spying programs on Americans, and his beloved illegal immigrants. Let’s see what he said just back in 2006.

Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 Presidents 224 years to run up only $1 trillion of foreign-held debt. This administration did more than that in just 5 years. Now, there is nothing wrong with borrowing from foreign countries. But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours.

Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

I therefore intend to oppose the effort to increase America’s debt limit.

Oct 16, 2013 9:45pm EDT  --  Report as abuse
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