Obama says time running out for debt ceiling deal

Reuters News
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Posted: Jul 15, 2011 11:20 AM
Obama says time running out for debt ceiling deal

WASHINGTON (Reuters) - Time is running out to come up with a deal to raise the debt limit, President Barack Obama warned lawmakers on Friday as a August 2 deadline looms.

"We are obviously running out of time and so what I have said to members of Congress is that you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised," he told a news conference.

(Reporting by Jeff Mason, Laura MacInnis and Lesley Wroughton; Editing by Eric Walsh)