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Did a frustrated President Barack Obama storm out of an acrimonious meeting on the debt limit crisis with Congressional leaders Thursday?
Depends on how you look at it.
Bombastic Virginia Congressman Eric Cantor — who walked out on the budget talks led by Vice President Joe Biden earlier this year — claims the President got pissed, declared “enough’s enough” and ended the session.
“He said he had sat here long enough,” Cantor claimed. “No other President, Ronald Reagan, wouldn’t sit here like this.”
Democrats claim Cantor exaggerated. Obama, they said, simply made some emotional remarks about Republican intransigence and retreated to the Oval Office.
Whatever happened, Obama’s anger at Republicans surfaced and illustrates the tense level of talks that appear to be going nowhere.
To make matters worse, the credit rating service Moody’s warned Thursday that America could lose its top credit rating if an agreement to increase the debt limit is not reached before the Aug. 2 deadline. That news sent U.S. dollar prices plummeting on the world market and Federal Reserve Chairman Ben Bernanke said the American economy faces another recession if the matter is not resolved.