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Obama Signals No Compromise on Debt Ceiling
U.S. President Barack Obama warned Congress on Monday said the U.S. economy was poised for a good year as long as Washington politics did not interfere. He said a Republican refusal to lift the debt ceiling could lead the United States into a debt default, which would prevent the U.S. government from being able to provide Social Security benefits to some seniors and possibly tip the economy into recession.
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