President Barack Obama warned of a “deep economic crisis”without a compromise to avert an Aug. 2 U.S. default as he dueledRepublican House Speaker John Boehner in back-to-back speeches onincreasing the debt limit.
“We can't allow the American people to become collateral damageto Washington's political warfare,” Obama said. Moments later,Boehner responded that the president “wants a blank check” tocontinue government spending that is “sapping the drive of ourpeople.”
Obama delivered his message yesterday in a prime-time televisionaddress from the White House, a ritual in moments of crisis andnational tragedy, on a day cable television networks airedcountdown clocks to default. Boehner spoke afterward from the U.S.Capitol.
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