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  • President Obama: Not raising debt limit would be 'absurd'add to reading list  

    Posted on January 14, 2013 at 11:08 AM

    Updated Thursday, Oct 31 at 10:17 AM

    President Obama today shot down Republican threats to let the federal government default on its loans, saying, "To even entertain this happening... is irresponsible. It's absurd."

    By Stephanie Condon / CBS News

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