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Differences remain on debt

Beset by a weak jobs report, President Barack Obama on Friday called for swift action by Congress to raise the nation's borrowing limit, saying the uncertainty over the debt ceiling has hindered hiring in the private sector.

By Jim Kuhnhenn | Updated on July 08, 2011

WASHINGTON (AP) — Beset by a weak jobs report, President Barack Obama on Friday called for swift action by Congress to raise the nation’s borrowing limit, saying the uncertainty over the debt ceiling has hindered hiring in the private sector.

In remarks in the White House Rose Garden, the president linked two of the most high profile issues facing his presidency — the weak economy and a massive budget deal to meet an Aug. 2 deadline to increase the debt limit.

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