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Politics : Liberalism: Do You Agree We've Had Enough of It?
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From: TimF7/28/2011 11:45:48 AM
   of 224755
 
Obama to Banks: We're Not Defaulting By Charlie Gasparino

Published July 25, 2011

| FOXBusiness

While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn't raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen, FOX Business has learned.

...there's a strong likelihood that the triple-A bond rating will be cut to double-A unless a budget can be crafted that results in $4 trillion in savings, the result of the massive debt load the country has accumulated in recent years. The nation's outstanding debt is more than $14 trillion...

foxbusiness.com

Carney To FOX News: "Tell Your Viewers There's Nothing To Worry About"

After a long back-and-forth between Ed Henry, FOX News' White House correspondent and press secretary Jay Carney about President Obama's lack of a public plan, Carney told Henry to tell his viewers everything will be okay:

Ed Henry, FOX News: "But over the weekend, Democrats were saying there's going to be a drop if there is no action. Asian markets are going to crash on Sunday. It didn't happen. American markets didn't crash on Monday, hopefully they haven't crashed -- why should people believe ..."

Jay Carney, WH press secretary: "You should go on the air and tell your viewers there is nothing to worry about."

realclearpolitics.com
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