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'Obama storms out of debt talks'

US President Barack Obama stormed out of tense debt-limit talks on Wednesday with his top Republican foes after declaring he was ready to stake his reelection on the outcome, a Republican aide said.

world Updated: Jul 14, 2011 08:19 IST

US President Barack Obama stormed out of tense debt-limit talks on Wednesday with his top Republican foes after declaring he was ready to stake his reelection on the outcome, a Republican aide said.

After Republican House majority leader Eric Cantor proposed to raise the US debt ceiling in more than one catch-all vote, Obama got "heated" and insisted on one comprehensive deal, said the aide, who requested anonymity.

Obama said he would not be "afraid to veto" a short-term approach or "defend it to the American people" and warned that a US debt default would amount to "a tax increase on every American," said the aide.

Obama said "I have reached the point where I say enough," and added "I've reached my limit. This may bring my presidency down, but I will not yield on this," according to the aide.

There was no immediate comment from the White House.