Wednesday, July 6, 2011

Obama: debt debate not a weapon for tax breaks (Reuters)

WASHINGTON (Reuters) – President Barack Obama said on Wednesday the debate over raising the debt ceiling should not be used as a gun against the heads of American people in an effort to secure tax breaks.

Obama's rhetoric was meant to put pressure on Republicans, who largely oppose tax hikes as part of a deal to reduce the deficit and raise the borrowing limit.

(Reporting by Jeff Mason and Steve Holland, Editing by Sandra Maler)

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