Count the Lies: President Obama Holds News Conference

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President Obama used the final press conference of his first term to again warn congressional Republicans that he will not negotiate with them over the debt ceiling, saying that Washington must increase the limit to pay its bills and such brinksmanship would be “absurd” and “irresponsible.”

“The issue here is whether Washington will pay its bills,” Obama said. “We are not a deadbeat nation.”

The president’s comments opened the White House event that included a range of questions, including the topic of likely gun-control legislation.

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