US will resolve debt crisis by August 2: Obama


In a press conference on Monday, President Barack Obama reassured markets that the US will act in time to stave off default.

Failure to raise the $14.3 trillion limit could trigger another recession and put millions of people out of work, Obama has warned.

The US government has reached an impasse over budget talks as the two parties battle over the package of cuts that need to be made. Obama wants to see some $4 trillion of cuts introduced, including some controversial tax hikes.

Obama stressed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: