In a televised address to the nation on July 25, 2011, to discuss the pending deadline on the debt ceiling, President Barack Obama made his pitch for a "balanced" approach to reducing the deficit -- one that includes spending cuts as well as revenue increases from tax increases for wealthier Americans.

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BING NEWS:
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    During George W. Bush's White House tenure, the debt ceiling was an absolute non ... The debt ceiling has been raised 74 times since March 1962 that includes 18 times under Ronald Reagan, eight times under Bill Clinton, seven times under Bush, and three ...
    10/4/2013 - 1:00 pm | View Link
  • Obama plays hardball on debt ceiling, but can’t explain away the position he took as Senator
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