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Obama presses for action on government's 'debt ceiling' borrowing limit
Dallas News: HONOLULU — President Barack Obama is hailing a last-minute deal that pulled the country back from the "fiscal cliff," but warned that he "will not compromise" over his insistence that Congress lift the federal debt ceiling.
Obama said in his radio and Internet address Saturday that the fiscal cliff deal, approved by Congress on New Year's Day and signed Thursday, raises taxes on the wealthiest Americans while preventing a middle-class tax increase that could have thrown the economy back into recession.
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