What Would Obama Do (If There's No Debt Ceiling Deal)?

NPR | Jan. 12, 2013 9:08 a.m.

Contributed By:

John Ydstie

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President Obama says he won't negotiate about the borrowing limit. He says the Congress must raise the debt ceiling to pay for spending it's already OK'd. But Republicans say they'll use the threat of default to get more spending cuts from the White House. Obama still has some options if he and Congress can't reach an agreement.