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Aide Says Obama Won't Negotiate Under Threat of Debt Default

White House officials were firm on Monday that President Barack Obama would not negotiate with congressional Republicans under the threat of a debt default and repeated that it is up to Congress to raise the U.S. borrowing cap. “There has never been a period where you have a serious faction or a serious strategy by one political party ... to use the threat of default as the main tactic in extracting policy,” White House National Economic Council Director Gene Sperling said at a Politico ...

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