Obama Willing to Give Debt Deal More Time

Townhall.com Staff
Posted: Jul 20, 2011 4:18 AM
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.

“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.