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Inside story of Obama’s struggle to keep Congress from controlling outcome of debt ceiling crisis

Publié par Clifford Armion le 09/10/2012

Tom Woodward

President Obama summoned the top four congressional leaders to the White House on Saturday morning, July 23, 2011. The night before, House Speaker John A. Boehner had withdrawn from negotiations to raise the $14 trillion federal debt limit and save the government from a catastrophic default. “Nobody wanted to be there,” Boehner later recalled. “The president’s still pissed.”
They had about 10 days left before the government would run out of money. Given the global importance of U.S. Treasury securities, failing to extend the debt limit could trigger a worldwide economic meltdown.
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" Inside story of Obama’s struggle to keep Congress from controlling outcome of debt ceiling crisis", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), octobre 2012. Consulté le 24/09/2020. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/inside-story-of-obama-s-struggle-to-keep-congress-from-controlling-outcome-of-debt-ceiling-crisis