Short-term debt limit extentsion an option, Obama says

Townhall.com Staff
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Posted: Jul 20, 2011 2:10 PM
Short-term debt limit extentsion an option, Obama says
President Barack Obama would support a short-term extension of the debt limit if Democrats and Republicans reach agreement on a broader deficit-cutting deal but need more time to move it through Congress, White House Press Secretary Jay Carney said Wednesday.

“If both sides agree to something significant, we will support the measures needed to finalize details,” Carney said.

By loosening the president’s opposition to a short-term extension, the White House ups the pressure on Congress to seriously consider a bipartisan Senate proposal released Tuesday.