Obama: Stop insults and compromise over debt

Barack Obama called Saturday for an end to insults and demands in the negotiations over the debt ceiling, after they broke down Friday night.

"We can come together for the good of the country and reach a compromise; we can strengthen our economy and leave for our children a more secure future," he said. "Or we can issue insults and demands and ultimatums at each another, withdraw to our partisan corners, and achieve nothing."

"Well, we know the right thing to do. And we know what the American people expect us to do," Obama added.