White House confident U.S. won't default on debt

Reuters News
|
Posted: Jun 27, 2011 1:48 PM
White House confident U.S. won't default on debt

WASHINGTON (Reuters) - The White House on Monday said it remained confident that the United States would not default on its debt.

President Barack Obama and congressional leaders have said it is essential to make sure the United States does not default on its debt obligations, White House spokesman Jay Carney said. "We remain confident that Congress will not let that happen."

(Reporting by Tabassum Zakaria and Laura MacInnis; Editing by Will Dunham)