Obama says debt ceiling crisis hurt US economy

By REUTERS
August 3, 2011 22:02

WASHINGTON - Washington's debt ceiling crisis had an unnecessary negative impact on the US economy, President Barack Obama said on Wednesday.

Speaking to reporters during a meeting of his Cabinet at the White House, the president also said the government may lose $1 billion from a congressional impasse over federal aviation and urged lawmakers to resolve their differences by the end of this week.


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