Obama Urges Debt Limit Increase: 'We Are Not A Deadbeat Nation'
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President Barack Obama called on congressional Republicans to raise the debt ceiling so the country can pay its bills.
During a news conference Monday morning, the president outlined the progress that has been made in reducing the nation's deficit through spending cuts and closing tax loopholes on wealthy Americans.
Obama, however, also explained that raising the debt ceiling only allows the country to pay bills it already owes, and he warned of dire economic consequences if Congress fails to act.
"We are not a deadbeat nation," the president said at one point.
Republicans are demanding dollar-to-dollar spending cuts in exchange for raising the debt ceiling.
This was the president's last brief before he starts his second term next week.
He also spoke about extending the Bush tax cuts and the budget negotiations that nearly sent us over the fiscal cliff.
Tuesday, June 18 2013 10:43 PM EDT2013-06-19 02:43:10 GMT
Times are tough for many in Philadelphia with almost half a million people turning to food pantries just to survive. Several organizations are working to provide healthy options.
Times are tough for many in Philadelphia with almost half a million people turning to food pantries just to survive. Several organizations are working to provide healthy options.
Tuesday, June 18 2013 10:23 PM EDT2013-06-19 02:23:12 GMT
For the second time in one week, officers from the PSPCA are rescuing cats from another hoarding situation.17 cats have been rescued so far from a rowhome on the 2000 block of Margaret Street.
For the second time in one week, officers from the PSPCA are rescuing cats from another hoarding situation.17 cats have been rescued so far from a rowhome on the 2000 block of Margaret Street.
Tuesday, June 18 2013 10:20 PM EDT2013-06-19 02:20:21 GMT
Doctor Michelle Liggio was a very popular Pensauken doctor. Tonight she's a murder victim. Police say her husband shot her inside her office before turning the gun on himself.
Doctor Michelle Liggio was a very popular Pensauken doctor. Tonight she's a murder victim. Police say her husband shot her inside her office before turning the gun on himself.
Tuesday, June 18 2013 8:56 PM EDT2013-06-19 00:56:59 GMT
In Delaware County, a man is charged with raping a woman. And what led to his arrest--her iPhone. Upper Darby police arrested 23-year-old Gaurave Kumar for sexually assaulting his ex-girlfriend.
In Delaware County, a man is charged with raping a woman. And what led to his arrest--her iPhone. Upper Darby police arrested 23-year-old Gaurave Kumar for sexually assaulting his ex-girlfriend.
Tuesday, June 18 2013 8:55 PM EDT2013-06-19 00:55:15 GMT
Bensalem police have arrested the suspect wanted for stabbing a man during a vehicle break-in. They previously released a series of suspect photos to help in the search.
Bensalem police have arrested the suspect wanted for stabbing a man during a vehicle break-in. They previously released a series of suspect photos to help in the search.
Tuesday, June 18 2013 6:58 PM EDT2013-06-18 22:58:16 GMT
Under a "doomsday" budget now being enacted, schools and students in the city of Philadelphia are facing devastating losses. Philadelphia is trying to convince the state not to let it happen.
Under a "doomsday" budget now being enacted, schools and students in the city of Philadelphia are facing devastating losses. Philadelphia is trying to convince the state not to let it happen.
Tuesday, June 18 2013 6:07 PM EDT2013-06-18 22:07:39 GMT
Published reports are saying this is a murder/suicide. The victim is 47 year old family practice doctor Michelle Liggio, and the alleged gunman is her estranged husband 58 year old Christopher.
Published reports are saying this is a murder/suicide. The victim is 47 year old family practice doctor Michelle Liggio, and the alleged gunman is her estranged husband 58 year old Christopher.
