Obama Takes Economy Message to Corporate Leaders

10:13 AM, Sep 18, 2013   |    comments
President Barack Obama unveiled his plan to make higher education more affordable during a speech at SUNY Buffalo (photo courtesy of The Buffalo News).
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JIM KUHNHENN
Associated Press

WASHINGTON (AP) - President Barack Obama is addressing top corporate executives, pressing his economic agenda while cautioning Congress not to precipitate a government shutdown or an unprecedented debt default.

Obama spoke to the Business Roundtable on Wednesday, drawing attention to a modest economic recovery that he says would be hurt if Republican lawmakers can't work with Democrats to pass a stopgap spending measure to keep the government operating after the fiscal year ends Sept. 30.

After that, Congress must find a way to raise the current $16.7 trillion borrowing limit, expected to hit its ceiling sometime in October.

Obama has been using the fifth anniversary of the financial near-meltdown to make his case. House Republicans want to tie continued spending to defunding or delaying Obama's signature health care law.

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