Obama: hopeful won't have to prioritize payments in debt crisis

Reuters

WASHINGTON, Oct 8 (Reuters) - President Barack Obama said onTuesday he remains very hopeful that Congress will not put hisadministration in the position of having to considerprioritizing debt payments in the event of a federal debtdefault.

Obama told a news conference that the United States has alot of debt obligations beyond paying its Treasury bond holdersand that the government's failure to pay other bills would alsohurt U.S. creditworthiness.

Rates

View Comments (2)