Obama Sets Meeting on Debt Limit

President argues for long-term solution for government’s finances.

President Barack Obama said he opposes a deficit-cutting measure that would only allow for a short-term increase in the country’s debt limit as he called a meeting tomorrow with Republican and Democratic lawmakers to work toward long-term fixes in the government’s finances.

 The president’s comments were the second time in less than a week that he has come to the podium to publicly push lawmakers to secure a deal that addresses basic solutions to deficit spending while averting a first-ever U.S. default on its obligations.

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