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