WASHINGTON, Oct. 11 (Xinhua) -- U.S. President Barack Obama thinks that the government's borrowing authority should be raised for longer than six weeks to remove uncertainty for the economy, White House spokesman Jay Carney said on Friday.
A short-term debt ceiling deal would put the United States in the same situation like the current fiscal impasse, Carney said at the daily briefing.
Before a White House meeting with Obama on Thursday, U.S. House Republicans floated an idea of a six-week debt ceiling increase to avert a debt default crisis.
"The President appreciates the constructive nature of the conversation and of the proposal that House Republicans put forward. He has some concerns with it," Carney said.
As the first government shutdown in 17 years drags on into its eleventh day, Washington faces another fiscal deadline. U.S. Treasury Secretary Jacob Lew has told Congress the federal government will reach its debt ceiling of 16.7 trillion U.S. dollars by Oct. 17, and that failure to raise it would lead to a catastrophic default.
"A proposal that puts a debt ceiling increase at only six weeks tied to budget negotiations would put us right back where we are today in just six weeks, on the verge of Thanksgiving and the obviously important shopping season leading up to the holidays," he said.
"It is his position that the right thing to do is to remove that gun from the table, extend the debt ceiling in a way that ensures that there is no suggestion or hint that default is an option, because our economy can't endure that kind of approach to resolving our budget differences," he stressed.
Obama spoke by telephone with U.S. House Speaker John Boehner earlier Friday and both sides agreed to continue the fiscal talks, Carney said.
Both leaders "had a good conversation, and the two of them agreed that all sides need to keep talking on the issues here that are confronting us that have led to a shutdown of the government and to the situation that has put us on the precipice of potential default," he added.
WASHINGTON, Oct. 10 (Xinhua) -- A White House meeting between U. S. President Barack Obama and House Republican leaders on Thursday ended with no specific determination made on how to end the government shutdown or raise the nation's debt limit.
"The President had a good meeting with members of the House Republican Leadership this evening; the meeting lasted approximately an hour and a half," the White House said in a readout after the meeting. Full story
WASHINGTON, Oct. 10 (Xinhua) -- U.S. House Speaker John Boehner said Thursday that Republicans planned to offer a temporary short- term debt ceiling increase to negotiate with Democrats, a major breakthrough to solve the fiscal impasse that has resulted in a partial federal government shutdown.
"What we want to do is to offer the president today the ability to move, a temporary increase in the debt ceiling, in agreement to go to conference on the budget," Boehner said at a press conference. Full story