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Obama cancels fundraisers to deal with debt negotiations

An Obama campaign official confirms reports that the president has been forced to cancel several upcoming fundraisers, so that he can continue to focus on raising the debt ceiling.

Obama had been scheduled to attend two DNC events tonight in Washington, DC. Instead, Vice President Biden will attend tonight's fundraiser at the St. Regis Hotel.

On Wednesday Aug. 3, the president had been schedule to travel to Chicago for fundraisers as part of his 50th birthday celebration.

The Obama campaign official says that if debt negotiations are still ongoing, the president will not travel to Chicago for those events.

In addition, an upcoming presidential West Coast swing for campaign events in California and Washington State has been put on hold, the official confirms.