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OPINION

Obama Willing to Give Debt Deal More Time

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President Barack Obama would sign a short-term debt limit deal that lasted only a few days if lawmakers appeared close to a deal but couldn’t get it finished by Aug. 2, White House spokesman Jay Carney said Wednesday in a statement.
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“The President does not support a short-term extension of the debt limit, period. The only exception to that is in the event that both sides reach a deal on a long-term extension of the debt limit plus significant deficit reduction, and we needed a very short-term extension (like a few days) to allow a bit of extra time for a bill to work its way through the legislative process,” Carney said in a statement.

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