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Obama urges Senate to forge compromise on debt limit, rejects House efforts

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Obama urges Senate to forge compromise on debt limit, rejects House efforts  Empty Obama urges Senate to forge compromise on debt limit, rejects House efforts

Post by Jobless_in_Ma on Fri Jul 29, 2011 12:43 pm

President Obama, warning that time is running out to lift the federal debt ceiling, said Friday that a House GOP plan has “no chance of becoming law,” and he urged Senate Democrats and Republicans to come together on a “bipartisan compromise.”

Obama spoke as House Republican leaders labored Friday to rescue a debt-limit plan opposed by their party’s arch-conservatives. But he reiterated that the House leaders are wasting their time by trying to pass a measure that includes a short-term raise of the debt ceiling.
http://www.washingtonpost.com/politics/house-gop-tries-to-rescue-debt-limit-plan-obama-to-make-statement/2011/07/29/gIQAH527gI_story.html


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