Barack Obama appeals for compromise on debt ceiling

The White House accused Republican foes of risking a global recession by not agreeing to raise the US debt ceiling


US President Barack Obama has appealed to American people to press Republicans to compromise on the country's deepening debt deal.

In a televised speech, he warned that any default in this connection would risk a deep economic crisis.

His statement came amid a growing impasse between the Republicans and the democrats over the US debt crisis.

President Obama blamed the stalemate on Republicans' refusal to raise the 14.3 trillion dollar debt ceiling.

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