On Friday, presumptive GOP nominee Mitt Romney demanded that President Obama apologize for "reckless" and "absurd" allegations made about Romney's tenure at private equity firm Bain Capital. The Obama campaign maintains that documents filed with the SEC show that Romney remained the head of Bain for several years past 1999, even though Romney claims he effectively retired from the company that year. Earlier this week, members of Obama's campaign claimed that Romney was either lying to the American people or had committed a felony by filing inaccurate documents with the SEC. In interviews with several news outlets, Romney said the suggestion of illegality was "disgusting" and "demeaning." Obama, for his part, earlier in the day increased pressure on Romney, saying he would have to explain the discrepancy between the documents and his statements.
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