Taxes, Social Security fears cited in debt ceiling talks

Townhall.com Staff
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Posted: Jul 12, 2011 1:57 PM
 Taxes, Social Security fears cited in debt ceiling talks
Washington (CNN) -- GOP leaders insisted Tuesday they will not yield to Democratic demands for tax increases on the wealthy as part of a deal to raise the debt ceiling, bringing new doubts about the ability of Washington to pay all of its bills next month.

President Barack Obama, in a CBS News interview scheduled to air Tuesday night, warned that, absent a deal, he can't guarantee older Americans will continue to receive their Social Security checks.