Wednesday, July 20, 2011

Obama softening on no short-term debt ceiling plan

Obama, compromising?
President Obama has been steadfast in his contention that any plan to raise the debt ceiling that is short-term ought to be rejected. But now it seems he is wavering on that a bit – a move that may be necessary to get Republicans on board to raise it before an August third deadline after which the United States will be in default.
That’s seen as welcome news by Rep. Scott Garrett (R-New Jersey). But Garrett, in an interview on news Talk Online on the Paltalk News Network, says the president has yet to present Republicans a debt ceiling raising proposal in writing. So they don’t have anything formal to respond to.
He also says that raising the debt without a commitment to reduce spending is, for Republicans, a non-starter.

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