White House says confident on debt deal

WASHINGTON — The White House said Tuesday it remained confident that Congress would reach a deal on raising the nation’s debt ceiling as the clock ticks down to an August 2 deadline.

By (AFP)

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Published: Tue 26 Jul 2011, 11:21 PM

Last updated: Mon 6 Apr 2015, 10:20 PM

“We remain confident,” White House spokesman Jay Carney told reporters. “In the end we believe that Congress will behave appropriately.”

He confirmed the Treasury was having discussions with top US officials on “how we would manage this impossible situation, this impossible position but it is important to state again, that we do not believe we will get there.”

“We take the leaders of Congress at their word, that they agree with the president. That it is unthinkable and unacceptable for the United States to, for the first time in its history, to default on its obligations and action will be taken by Congress to ensure that does not happen.”

But Congress appeared to remain deadlocked Tuesday, as Democrats and Republicans floated rival plans for raising the $14.3 trillion debt ceiling.

The US administration says it will run out the ability to borrow more funds on Tuesday, August 2, and will need to make tough choices about which bills to pay.

“We need Congress to produce something, that is a compromise and therefore can get support from Democrats and Republicans in both houses, and reach the president’s desk, and, meet the president’s approval,” Carney added.

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