President Barack Obama confidently predict Friday that a divided Congress would raise the nation borrow limit to cover the staggering federal debt rather than risk triggering a worldwide recession, but he accepted for the first time he would have to offer more spending cuts to Republicans to acquire a deal.
Pushed to the brink, Obama said, the two parties would find "a smart compromise."In an interview with The Associated bear down on, Obama also took pains to promote his long-term plan to cuts trillions of dollars from federal deficits as a fairer, more concerned alternative to a Republican plan with the intent of surged to party-line passage Friday afternoon in the House.
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