As debt talks intensify, Obama opens door to short-term hike in debt ceiling

The contentious budget talks that have dominated Washington for months intensified Wednesday, prompting President Obama to say he would accept a short-term hike in the debt ceiling if it gave lawmakers time to finalize a comprehensive deal.

Obama had pledged to veto any short-term measure, but White House spokesman Jay Carney said Wednesday that the president could accept an extension of "a few days" if it allowed a long-term deficit-reduction and debt-ceiling deal to work its way through Congress.

Read full article >>

Thomas Erdbrink 21 Jul, 2011

--
Source: http://feeds.washingtonpost.com/click.phdo?i=0903ac61f899c105b53283d433a68e17
~
Manage subscription | Powered by rssforward.com