Economy/Business News Alert: Obama urges Congress to reach deal on debt ceiling

---------------------------------------- Economy/Business News Alert: Obama urges Congress to reach deal on debt ceiling July 25, 2011 9:19:18 PM ---------------------------------------- President Obama said in a prime-time speech Monday night that, unless Congress agrees quickly to a long-term increase in the federal debt ceiling, "we would risk sparking a deep economic crisis, this one caused almost entirely by Washington." He asked Americans to urge their lawmakers in Congress to strike a deal on the issue. He said he would not agree to a short-term increase, as proposed by House Speaker John A. Boehner (R-Ohio), saying it amounted to "kicking the can down the road." He added: "We can't allow the American people to become collateral damage to Washington's political warfare." http://link.email.washingtonpost.com/r/C7I8XW/405KYI/U6453B/E8KWH0/B81QI/E4/h For more information, visit PostBusiness.com ---------------------------------------- Get The Washington Post app for iPad, iPhone or iPod Touch. http://itunes.com/apps/thewashingtonpost ---------------------------------------- Get breaking news alerts sent to your mobile phone. Sign up by texting NEWS to 98999. To unsubscribe, click here ---------------------------------------- ©2011 The Washington Post Company Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, DC 20071