Obama Urges Debt Limit Increase: 'We Are Not A Deadbeat Nation'
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WASHINGTON -
President Barack Obama called on congressional Republicans to raise the debt ceiling so the country can pay its bills.
During a news conference Monday morning, the president outlined the progress that has been made in reducing the nation's deficit through spending cuts and closing tax loopholes on wealthy Americans.
Obama, however, also explained that raising the debt ceiling only allows the country to pay bills it already owes, and he warned of dire economic consequences if Congress fails to act.
"We are not a deadbeat nation," the president said at one point.
Republicans are demanding dollar-to-dollar spending cuts in exchange for raising the debt ceiling.
This was the president's last brief before he starts his second term next week.
He also spoke about extending the Bush tax cuts and the budget negotiations that nearly sent us over the fiscal cliff.
Sunday, May 19 2013 8:20 AM EDT2013-05-19 12:20:57 GMT
Finding a job without a college degree can be a difficult task, even if you're a war veteran. Now, they have the opportunity to turn their military training into college credits.
Finding a job without a college degree can be a difficult task, even if you're a war veteran. Now, they have the opportunity to turn their military training into college credits.
Sunday, May 19 2013 7:58 AM EDT2013-05-19 11:58:46 GMT
Once hailed as a hero after surviving a shotgun blast to his face in 2007, a former police officer is now charged with raping and sexually assaulting two women at gunpoint he met at a party.
Once hailed as a hero after surviving a shotgun blast to his face in 2007, a former police officer is now charged with raping and sexually assaulting two women at gunpoint he met at a party.
Sunday, May 19 2013 1:45 AM EDT2013-05-19 05:45:51 GMT
A Powerball jackpot-winning ticket worth an estimated $590.5 million was sold in Florida, but there were also million-dollar winners sold in Pennsylvania and New Jersey, according to the lottery.
A Powerball jackpot-winning ticket worth an estimated $590.5 million was sold in Florida, but there were also million-dollar winners sold in Pennsylvania and New Jersey, according to the lottery's website.
Saturday, May 18 2013 9:28 PM EDT2013-05-19 01:28:06 GMT
Rain moved in Saturday afternoon and the chance for it will stick around through the seven day forecast.
It becomes very unsettled across our area with clounds and showers again Sunday. The best chance for rain is in the morning and afternoon thunderstorms are possible towards our south.
Sunday is cool but we do warm up well into the 80s by Tuesday. With the warm weather comes a better chance for thunderstorms.
Friday, May 17 2013 11:44 PM EDT2013-05-18 03:44:01 GMT
A couple of Good Samaritans helped rescue a 3-year-old boy's lifeless body from an Allentown creek. Their quick thinking and help from police helped bring the boy back to life.
A couple of Good Samaritans helped rescue a 3-year-old boy's lifeless body from an Allentown creek. Their quick thinking and help from police helped bring the boy back to life.
Friday, May 17 2013 7:38 PM EDT2013-05-17 23:38:13 GMT
A woman who lived with a Delaware pediatrician accused of waterboarding her 11-year-old daughter has agreed to plead guilty to child endangerment charges and testify against him.
A woman who lived with a Delaware pediatrician accused of waterboarding her 11-year-old daughter has agreed to plead guilty to child endangerment charges and testify against him.
