Obama: Negotiating with Republicans over debt ceiling 'is not going to happen'
President Obama gave a rousing speech at the annual Congressional Black Caucus dinner on Saturday, pledging not to negotiate with Republicans over raising the debt ceiling.
Obama said Republicans in Congress are willing to throw the economy into peril in their effort to defund the Affordable Care Act. Some in the GOP have also threatened not to raise the debt ceiling in an attempt to block ObamaCare.
The president said he won’t negotiate over the debt ceiling and that the healthcare reform act will remain the law of the land.
“Let me say as clearly as I can: It is not going to happen. We have come too far. We have overcome far darker threats than those,” Obama said to rising applause from the crowd at the Walter E. Washington Convention Center.
The federal government is set to run out of funds on Oct. 1. On Friday, the House passed legislation to keep the government running until mid-December but defund ObamaCare. That bill is expected to be rejected by the Senate, which is controlled by Democrats.
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