President Obama reiterated in a press conference Monday that he will not negotiate over the debt ceiling. But Republicans say they want dollar-for-dollar spending cuts, and some are willing to threaten default.
President Obama has not budged from his stark line in the sand: When it comes to the debt ceiling, he will not negotiate. Period.
In a press conference Monday, he reiterated this position, stating: "Republicans in Congress have two choices here. They can act responsibly and pay America's bills. Or they can act irresponsibly and put America through another economic crisis. But they will not collect a ransom in exchange for not crashing the American economy."
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