Obama rips GOP plan, yet sees hope for a debt deal

With America's worldwide praise standing suddenly in query, President Barack Obama insist Tuesday that Washington has the following will to slash the massive U.S. money owing in spite of fierce, fundamental difference with Republicans regarding how to do it.

Obama spoke optimistically of conciliation with GOP lawmakers, yet still used a campaign-style town hall event to charge the Republicans of donation a bleak future for the poor, young and aged with their proposal.

The president seemed intention on assuring monetary markets and the watching world that U.S. leaders will get their act jointly to address a suffocating debt — while at the same time trying to encourage voters that only his plan would share the pain quite.

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