Published April 16, 2011, 12:00 AM
CHICAGO – President Barack Obama confidently predicted Friday that a divided Congress would raise the nation’s borrowing limit to cover the staggering federal debt rather than risk triggering a worldwide recession, but he conceded for the first time he would have to offer more spending cuts to Republicans to get a deal.
Obama: Congress will raise debt limit
Says he will offer more spending cutsCHICAGO – President Barack Obama confidently predicted Friday that a divided Congress would raise the nation’s borrowing limit to cover the staggering federal debt rather than risk triggering a worldwide recession, but he conceded for the first time he would have to offer more spending cuts to Republicans to get a deal.
By: Associated Press, INFORUM
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