WASHINGTON (AP) — Beset by a weak jobs report, President Barack Obama on Friday called for swift action by Congress to raise the nation's borrowing limit, saying the uncertainty over the debt ceiling has hindered hiring in the private sector.
In remarks in the White House Rose Garden, the president linked two of the most high profile issues facing his presidency — the weak economy and a massive budget deal to meet an Aug. 2 deadline to increase the debt limit.
"The sooner we get this done, the sooner that the markets know that the debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that will need in order to make additional investments to grow and hire," Obama said.
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