Obama Assails Republicans Amid Wide Gulf in Deficit Talks
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President Barack Obama accused Republicans of siding with corporate jet owners over children and the elderly in deficit negotiations and compared Congress’s work ethic unfavorably with that of his pre-teen daughters.
Obama’s comments underscored the distance between the White House and Republicans on talks to cut the deficit and raise the government’s debt limit as Standard & Poor’s warned it would downgrade U.S. debt to junk status in the event of a default and the Senate canceled its July 4 recess to continue talking.