BUSINESS
06/14/2009 05:12 am ET Updated May 25, 2011

Obama: Deficit 'Unsustainable'

President Barack Obama, calling current deficit spending "unsustainable," warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

"We can't keep on just borrowing from China," Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque.

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