Tags: White House Deal on Deficit | Debt Possible by June

White House: Deal on Deficit, Debt Possible by June

Thursday, 21 Apr 2011 02:27 PM

The White House said on Thursday a deal curbing the U.S. deficit and raising its debt ceiling was possible by June, but warned the borrowing limit must be raised regardless of getting a deficit deal.

"You cannot hold one hostage to the other. We certainly think it's possible that it can be done, to get that kind of agreement by June," White House press secretary Jay Carney told reporters traveling with President Barack Obama to Nevada.

"But if something happens and if not, you can't just say that ...we're just going to let the United States government go in default, tank the economy, send the economy into recession, not just domestically but globally. That would be the height of irresponsibility," Carney said.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Economy
The White House said on Thursday a deal curbing the U.S. deficit and raising its debt ceiling was possible by June, but warned the borrowing limit must be raised regardless of getting a deficit deal. You cannot hold one hostage to the other. We certainly think it's possible...
White House Deal on Deficit,Debt Possible by June
122
2011-27-21
Thursday, 21 Apr 2011 02:27 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved