Obama Takes Debt Argument to Public (Audio)

(Photo: AP) President Barack Obama during his Town Hall at the Ritchie Coliseum on the campus of University of Maryland in College Park, Maryland, July 22, 2011

Eleven days before a possible U.S. government default, President Barack Obama went to the American people Friday with his appeal for an agreement on raising the legal borrowing limit. No deal is publicly apparent, despite intense negotiations.