I fulfilled my election promise: Obama

January 02, 2013 10:38

President Barack Obama said on Tuesday that he had fulfilled a campaign promise to make the US tax system fairer with the deal to avert the fiscal cliff crisis.

"While I will negotiate over many things, I will not have another debate with this Congress over whether or not they should pay the bills that they've already racked up through the laws that they passed," the president said.

"Let me repeat. We can't not pay bills that we've already incurred. If Congress refuses to give the United States government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff."

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