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Obama: Uncertainty over US debt limit contributing to lack of hiring
WASHINGTON (AP) ' President Barack Obama says the uncertainty over whether lawmakers will raise the U.S. debt limit is keeping businesses from hiring.
Speaking at the White House, Obama says once Congress reaches an agreement on the debt ceiling, businesses will have the confidence they need to add workers to their payroll.
The report out Friday showed employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent. Congressional Republicans and party presidential hopefuls used the dismal report to slam Obama's economic agenda.
The reports come as Democrats and Republicans near an urgent deadline to increase the nation's borrowing power and prevent the U.S. from defaulting on its obligations.