WASHINGTON (AP) — President Barack Obama, facing a budget showdown with Congress, called on some of the nation’s top corporate executives Wednesday to use their influence with Congress to avoid a potentially damaging confrontation over the nation’s debt ceiling.
Obama reiterated his vow not to negotiate with Republicans over raising the borrowing limit, which the government is about to hit as early as next month. And he blamed “a faction” of the GOP that he said is trying to eliminate his health care law by threatening a government shutdown or a default on the debt.
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