Obama Says Nation Can’t Afford Deadlock Over Debt

Nov. 14 (Bloomberg) -- U.S. President Barack Obama talks about negotiations on steps to cut the federal budget deficit through a combination of tax increases for the wealthy and spending cuts. The president speaking at a White House news conference, also discusses the scandal that forced CIA Director David Petraeus to resign last week, the deadly attack on the U.S. consulate in Benghazi, Libya, and the chances for legislation to revamp the nation’s immigration laws. (Source: Bloomberg)