Obama not budging on extending borrowing limit

Posted at Jan 02 2013 03:16 PM | Updated as of Jan 02 2013 11:20 PM

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Another standoff between the White House and Congress is possible this month when American lawmakers again tackle the US borrowing limit. But while US president Barack Obama praised lawmakers for passing the fiscal cliff deal, he stood firm on raising the debt cap. ANC News Now, January 2, 2013