debt-ceiling

Though the president used strong words to condemn Congressional Republicans, he seemed naive about his ability to negotiate with them.

Obama promised that this is just the "first step" in "ensuring that as a nation, we live within our means." Except for private equity firms and hedge funds, who are allowed to fudge a little.

President Obama said, "I urge Democrats and Republicans in the Senate to find common ground on a plan" to raise the debt ceiling and prevent default.