White House: Time running out for debt compromise

Reuters News
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Posted: Jul 27, 2011 2:29 PM
White House: Time running out for debt compromise

WASHINGTON (Reuters) - The White House warned on Wednesday that time was running out to reach a compromise on the U.S. debt limit and said that Republicans and Democrats must come together now on an agreement.

White House spokesman Jay Carney told reporters the administration firmly believes a deal can be reached.

(Reporting by Caren Bohan, Laura MacInnis and Alister Bull; Editing by Vicki Allen)