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The Boston Globe


Obama says he won’t negotiate on debt ceiling

Warns GOP that its strategy could crash economy

WASHINGTON — President Obama warned Republicans on Monday against refusing to raise the nation’s debt ceiling, calling such talk ‘‘irresponsible’’ and ‘‘absurd’’ and saying it would cause an economic crisis and financial hardship for millions of Americans.

‘‘They will not collect a ransom in exchange for not crashing the American economy,’’ Obama said during his final news conference of his first term. ‘‘The full faith and credit of the United States of America is not a bargaining chip.’’

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