14 Jul '11, 12am

US President Barack Obama reportedly storms out of debt-limit talks with Republican foes

US President Barack Obama reportedly storms out of debt-limit talks with Republican foes

Mr Obama stormed out of tense debt-limit talks on Wednesday with his top Republican foes after declaring he was ready to stake his reelection on the outcome. -- PHOTO: AFP WASHINGTON - US PRESIDENT Barack Obama stormed out of tense debt-limit talks on Wednesday with his top Republican foes after declaring he was ready to stake his reelection on the outcome, a Republican aide said. After Republican House Majority Leader Eric Cantor proposed to raise the US debt ceiling in more than one catch-all vote, Mr Obama got 'heated' and insisted on one comprehensive deal, said the aide, who requested anonymity. Mr Obama said he would not be 'afraid to veto' a short-term approach or 'defend it to the American people' and warned that a US debt default would amount to 'a tax increase on every American,' said the aide. Mr Obama said 'I have reached the point where I say enough,' and adde...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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