Wednesday, July 20, 2011

As debt talks intensify, Obama opens door to short-term deal to buy more time

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.. - Washington Post

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.


WH's Carney: Obama May Accept A Short-Term Debt Ceiling Deal- Real Clear Politics

PREDICTION: HOW THE DEBT DEBATE WILL UNFOLD - Dick Morris