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Obama warns against another debt ceiling fight

WASHINGTON (AP) - President Barack Obama is warning Republicans not to create another fight over the nation's debt ceiling, telling business leaders it's "not a game that I will play."

Obama says in remarks to the Business Roundtable that he has heard of reports that Republicans may be willing to agree to higher tax rates on the wealthy and then come back in 2013 with more leverage to extract spending cuts in exchange for raising the government's borrowing limit.

Obama says that approach is "a bad strategy for America." He tells the group of chief executives that he wants to break that habit before it even starts.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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