WASHINGTON (Reuters) - White House economic
adviser Gene Sperling said Sunday the administration would
make public the contingency plans to meet U.S. financial
obligations if there is no debt limit agreement in Congress but
said those options were "dire."
"While there are contingency plans being done, there are no
good options. They are all very, very dire, and that's why the
focus has to be on finding a bipartisan agreement as quickly as
possible," Sperling said on "Fox News Sunday."
Sperling added that before the deadline was missed, "we
will brief people on what the impact would be on failing to
raise our debt limit by the deadline of August 2nd."
U.S. lawmakers said Sunday they were close to a deal to
avoid a potentially catastrophic default.
(Reporting by Jackie Frank; Editing by Vicki Allen)
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