Obama: deficit deal should have been done early

Reuters News
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Posted: Jul 15, 2011 11:14 AM
Obama: deficit deal should have been done early

WASHINGTON (Reuters) - President Barack Obama on Friday that deficit negotiations should have been taken care of early rather than allowed to run this close to the August 2 deadline for raising the U.S. debt ceiling.

He told a news conference that failing to raise the debt limit would effectively amount to a tax increase for all Americans.

(Reporting by Jeff Mason, Laura MacInnis and David Morgan; Editing by Eric Walsh)