Obama pushes GOP on debt compromise

WASHINGTON. President Barack Obama increased pressure on
Republican lawmakers yesterday to make concessions for a deal to avoid
an Aug. 2 debt default and said both sides must “pull off the Band-Aid”
and make sacrifices.

The president met with top U.S. lawmakers for the second straight day in
the search for a way to break a budget impasse that is holding up a
vote on raising the $14.3 trillion debt ceiling.
The Treasury
Department has warned it will run out of money to cover the country’s
bills if Congress does not increase borrowing authority by Aug. 2.



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