Republicans have also vowed to link the upcoming debate on extending the Treasury’s borrowing limit to an “Obamacare” repeal. The United States is facing a deadline of around mid-October to expand the $16.7 trillion debt ceiling or face a default on its debts. Speaking in Missouri after Friday’s House vote, President Obama said the U.S. risks becoming a “deadbeat” country.
President Obama: “This is the United States of America. We’re not some banana republic. This is not a deadbeat nation. We don’t run out on our tab. We’re the world’s bedrock investment. The entire world looks to us to make sure the world economy is stable. We can’t — we can’t just not pay our bills. And even threatening something like that is the height of irresponsibility. So what I’ve said is, I will not negotiate over the full faith and credit of the United States.”