President Barack Obama challenged congressional Republicans to raise the U.S. debt limit by next week and said he’s willing to negotiate on fiscal terms once that is done and government funding is restored.
The president repeated that he won’t bargain while federal operations are partially shut down because of the budget standoff and won’t agree to any conditions placed on increasing the debt ceiling. He said Democrats already have compromised on spending levels.
“We’re not going to negotiate under the threat of economic catastrophe,” Obama said at the Washington headquarters of the Federal Emergency Management Agency, where he met with some of the federal workers who are still on duty.
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