Debt Crisis: Obama asks parties to ‘work together’

WASHINGTON: US President Barack Obama on Saturday renewed his appeal to Democrats and Republicans to “work together” to find a way to solve the nation’s debt problem, but continued to insist on eliminating tax breaks for the wealthiest Americans. In his weekly radio and internet address, the president said that “Democrats and Republicans have to work together” in order to reach a deal on averting a debt default in early August. The US government reached its debt limit of $14.29 trillion in May, and since then the Treasury Department has used special measures to allow the government to keep paying its bills.

Published in The Express Tribune, July 24^th, 2011.