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President Obama Speaks To The Nation About Debt Talks

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President Obama. (File Photo)

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DETROIT (WWJ) – President Obama addresses the nation Monday night regarding the debt talks in Washington and it appears the two sides still have some distance to go to reach an agreement.

This comes as Republicans controlling the House have released a two-track plan to increase the nation’s borrowing cap by $1 trillion and permit a larger increase next year that’s dependent on Congress passing cuts to benefit programs like Medicare and farm subsidies.

The plan unveiled by House Speaker John Boehner would impose $1.2 trillion in cuts to domestic agencies over the coming decade and establish a special panel of lawmakers to recommend cuts to benefits programs for a vote by the end of December.

The broadcast was heard live on WWJ Newsradio 950 – click on the audio link below to hear the broadcast and the Republican reply.

PRESIDENT OBAMA:

REPUBLICAN REPLY:

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