Obama demands Congress raise $16.4 trillion debt ceiling

House Speaker John Boehner “may need a shutdown just to get it out of their system,” said a top GOP leadership adviser. “We might need to do that for member-management purposes — so they have an endgame and can show their constituents they’re fighting.” - Politico 1/13/13

President Obama at a Monday press conference demanded that Congress raise the nation’s $16.4 trillion debt ceiling.

Obama said raising the ceiling was about paying for bills the Congress has already rung up, and he argued it would be  disastrous for the economy — which he said is showing signs of lifting off — to not raise the debt limit.
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