Obama says the talks with Biden are sufficient. Guess he does not want to get stuck with taking a position that may hurt him. Meanwhile it seems to me that the Republicans are right to demand cuts to match the debt ceiling increase. Obama wants the debt ceiling increase without the demanded cuts. Any bets as to what would happen if the Republicans agreed with that? More debt and no cuts is my guess.
http://hosted.ap.org/dynamic/stories/U/US_CONGRESS_DEBT_LIMIT?SITE=OHMOU&SECTION=HOME&TEMPLATE=DEFAULT

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