Economy/Business News Alert: Obama rules out short-term deal on debt ceiling

Monday, July 11, 2011

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Economy/Business News Alert: Obama rules out short-term deal on debt ceiling
July 11, 2011 11:42:30 AM
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President Obama said Monday that he would not consider stopgap measures to temporarily avert the debt-ceiling crisis, saying "that is just not an acceptable approach."

Obama spoke after Republicans rejected a deficit-reduction framework that would raise taxes and cut entitlements. "I continue to push congressional leaders for the largest possible deal," Obama said at a White House news conference. He added, "I will not sign" a short-term extension.


http://link.email.washingtonpost.com/r/LI37JS/26768Z/AYP3AX/EGO2ZQ/N5CI3/82/h

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