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Obama urges Congress to raise U.S. debt ceiling

Xinhua)  10:03, January 15, 2013

U.S. President Barack Obama holds a press conference in the East Room of the White House in Washington D.C., capital of the United States, Jan. 14, 2013. The United States is making progress in enhancing its fiscal sustainability in the past years as a result of government spending cuts and more government revenue, Obama said here on Monday. (Xinhua/Zhang Jun)

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Obama urges Congress to raise U.S. debt ceiling

One week before starting his second term, U.S. President Barack Obama on Monday urged Congress to raise the country's debt ceiling in a timely manner to avert dampening investor confidence and derailing the economic recovery.

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