Republican challenges Obama on US debt ceiling | Bangkok Post: news

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Republican challenges Obama on US debt ceiling

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The top Republican in the US Senate warned President Barack Obama on Sunday that he is willing to use the debt ceiling as "leverage" to end the administration's "massive spending addiction." 

US Senate Minority Leader Mitch McConnell walks to the Senate chamber in the US Capitol on December 30, 2012 in Washington, DC. The top Republican in the US Senate warned President Barack Obama on Sunday that he is willing to use the debt ceiling as "leverage" to end the administration's "massive spending addiction."

Mitch McConnell's remarks set the stage for another round of high-stakes political brinksmanship over the US economy just as jittery markets recover from the tense end-of-year drama over the so-called "fiscal cliff."

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