Latest update: 21/07/2011 

- debt - Democrats (USA) - Republicans (USA) - US economy - US politics


Deal on debt ceiling 'not close', says White House

Deal on debt ceiling 'not close', says White House

A spokesman for US President Barack Obama has denied reports that Democrats and Republicans have reached a deal on raising the US debt ceiling as an August 2 deadline to avoid a default draws closer.

By News Wires (text)
 

REUTERS - The White House said on Thursday it saw momentum for a “balanced” deficit deal, but it denied reports that President Barack Obama and Republican House of Representatives speaker John Boehner were close to a pact.

The New York Times reported that the Obama administration had informed Democratic congressional leaders that Obama and Boehner were starting to close a “major budget deal” with substantial spending cuts and a tax overhaul.

White House officials said the report was wrong.

“We are not close to a deal,” White House spokesman Jay Carney said.

Carney said, however, that the White House believed there was momentum behind the idea of what Obama has called a “balanced approach” to deficit reduction, which would include some tax increases—a scenario most Republicans oppose.

“We believe there is momentum behind the idea of a balanced approach to a significant agreement,” Carney said.

Discussions were ongoing, he and other officials said.

“While we are keeping the lines of communication open, there is no ‘deal’ and no progress to report,” a spokesman for Boehner said.

Date created : 21/07/2011 
Read more
React to the article
Comment this article typing your message in the above text zone. Please note that this is limited to 1500 characters or less.
(2) Reactions

It's the army dummey

by Flash-Invader (not verified) - 30/07/2011 - 15:46

http://www.flashinvader.com/new_world_order/usa_is_spending_over_two_and_a_half_billions_usd_per_day_on_war.html

The USA is spending an eye watering $2.5bn a day (Yes a day) on fighting wars when the USA is not even under attack but they don’t seem to put that on the table when they talk about debt spending and stopping people pensions who have paid for them all their lives.

debt limit

by deathorglory (not verified) - 22/07/2011 - 05:26

http://napoleonlive.info/politics/wisdom-about-fools/

Observing the made for TV drama this summer, The Perpetual Campaign, will they or won’t they raise the debt limit in time, is not exactly like waiting for Godot. Eventually, a deal will be made, a compromise has to be reached for the common good, but the price the nation pays should this affair drag out beyond the August 2nd deadline will be catastrophic. Our country will suffer a blow to its sense of self, like seeing the first wrinkle or patch or gray hair. Indeed, this self-inflicted wound will be a stain upon our country’s honor with real world, real economy, consequences.

http://napoleonlive.info/politics/comment-on-the-debt-limit-crisis/

Close