Congress is at a stalemate over raising the federal debt ceiling, and Americans need to pressure their elected representatives to work out a compromise that will avoid a potentially devastating default, President Barack Obama told the nation.
In his seventh prime time televised address, Obama sought to increase pressure for congressional leaders to reach a deal on a "balanced approach" that would allow the government to continue borrowing money pay its debts after August 2.
The president singled out House Republicans for intransigence and said the political showdown is "no way to run the greatest country on Earth."
In his response, House Speaker John Boehner said the president's proposals fail to deal with the fundamental problem: that the nation spends more than it takes in.
"The sad truth is that the president wanted a blank check six months ago, and he wants a blank check today," Boehner said. "That is just not going to happen."
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