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Obama Sets July 7 Debt Meeting, Urges Long-Term Deficit Solution

Tuesday, 05 Jul 2011 05:23 PM

 


July 5 (Bloomberg) -- President Barack Obama said the U.S. has “a unique opportunity to do something big to tackle our deficit” and said he opposes a short-term measure that would raise the country’s debt limit without addressing more basic solutions to deficit spending.

Obama said voters haven’t sent leaders to Washington to “take the path of least resistance.” He said in a White House briefing that he asked bipartisan congressional leaders to meet on July 7 for talks on the debt.

To contact the reporter on this story: Julianna Goldman in Washington at jgoldman6@bloomberg.net

To contact the editor responsible for this story: Bob Drummond at bdrummond@bloomberg.net


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