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 is to speak 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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