Obama: Debt limit bill removes threat of defaultFebruary 12, 2014 @ 4:35 pm
WASHINGTON (AP) - President Barack Obama is praising a vote in Congress to lift the debt ceiling and says it removes the threat of default, in his words, "once and for all."
The must-pass legislation cleared the Senate on Wednesday and had already passed the House. That means the bill is ready for Obama to sign.
Obama says he's pleased Democrats and Republicans came together to pay for spending they've already incurred. He says America's credit must not be used as leverage or an extortion tool.
In a statement, Obama says he hopes the vote puts an end to brinkmanship in politics so the nation can focus on creating jobs and strengthening the economy. He says lawmakers should be focused on those priorities rather than wasting time creating new crises.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Taking On the Big Guys
Seattle's top consumer lawyer braces for GM battle
A family fights to get back Buddy after he was mistakenly adopted to someone else
Danny O'Neil says the Seahawks are set at the top but they have depth question at tight end
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.