News24

White House - extra days if deal agreed

2011-07-31 20:39

Washington - The White House remains open to raising the debt limit for a few extra days if lawmakers reach a deal and need time for it to clear Congress, a White House official said on Sunday.

Republicans and US President Barack Obama's Democrats are negotiating an agreement to raise the $14.3 trillion debt limit by Tuesday to avoid a default, but time is running short.

Even with a deal, it may take a few days for procedural roadblocks to be cleared and for a bill to reach Obama's desk for signature.

Comments
  • william.botha - 2011-07-31 22:10

    How do you raise the debt ceiling if you do not have any funds? Or is this going to be a managed default?

  • pages:
  • 1