Obama Demands Debt Ceiling Increase – Threatens Troop Benefits

Obama demands quick action to raise debt limit

By JULIE PACE
AP White House Correspondent

WASHINGTON (AP) – President Barack Obama demanded on Monday that lawmakers raise the nation’s $16.4 trillion federal debt limit quickly, warning that “Social Security benefits and veterans’ checks will be delayed” if they don’t and cautioning Republicans not to insist on cuts to government spending in exchange. (more…)