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Obama says "we have to put a stop" to default threat

ROUGH CUT (NO REPORTER NARRATION). STORY: President Barack Obama pressured Republican lawmakers on Saturday (October 12) to agree to raise the U.S. debt ceiling for longer than they would prefer, as the fiscal impasse in Congress dragged into the weekend with five days left to find a deal. "I know you're frustrated by what you see in your nation's capital right now," he said in his weekly address. "But because it's easy to get lost in or give up on the political back-and-forth, I want you to remember: this is not normal. Our government is closed for the first time in 17 years. A political party is risking default for the first time since the 1700s. This is not normal. That's why we have to put a stop to it. Not only because it's dangerous, but because it saps everyone's faith in our extraordinary system of self-government," he said. The budget battle between Obama and Republicans, who control the House of Representatives, has idled hundreds of thousands of government

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