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Obama Offers Reassurance as Debt Ceiling Deadline Looms

President Barack Obama tried to reassure the world Tuesday that the United States has always paid its bills, as the country faces a deadline to raise the debt ceiling. Obama told journalists that investors are nervous about remarks from Congress indicating a debt default may not damage the world economic recovery. "Warren Buffett likened default to a nuclear bomb, a weapon too horrible to use," the president warned. " It would disrupt markets. It would undermine the world’s ...

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