Obama ready to work through weekend for debt fix

President Obama delivers a statement on the debt ceiling talks, from the Diplomatic Reception Room of the White House, July 29, 2011. REUTERS/Jason Reed

President Obama delivers a statement on the debt ceiling talks, from the Diplomatic Reception Room of the White House, July 29, 2011.

Credit: Reuters/Jason Reed

WASHINGTON | Fri Jul 29, 2011 11:26am EDT

WASHINGTON (Reuters) - President Barack Obama said on Friday he was ready to work with top Democrats and Republicans through the weekend to get a debt ceiling accord.

In remarks at the White House, Obama said he was confident a solution could be reached despite the impasse that has raised the prospect of a U.S. credit rating downgrade and default.

Unless the $14.3 trillion debt ceiling is raised by Tuesday, the United States will lose its ability to borrow and start to run out of cash to pay its bills.

(Reporting by Patricia Zengerle and Laura MacInnis; editing by Todd Eastham)
Politics
Barack Obama
Election 2012
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Comments (38)
EN3 wrote:
President obama welcome to the world of being a middle class american citizen. We’ve been losing sleep for years, on how we’re going to pay our bills because every year we make less and less money we get smaller and smaller raises. We lose sleep because corporate america is rampant cutting jobs while giving their corporate executives exuberant bonuses and 21 percent are you up a hikes. Wild are government puts us trillions of dollars in dept. While we see or children go off to war. The list goes on and on again mister president welcome to the world of the middle class americans.

Jul 28, 2011 9:05pm EDT  --  Report as abuse
SteveMD2 wrote:
the repubs want to further wreck our economy so they can blame obama.

It was the repubs under bush who gave us the second almost great repub depression with their criminal pals on wall st and the big bank cronies.

Jul 28, 2011 9:58pm EDT  --  Report as abuse
SteveMD2 wrote:
all blaming obama for the mess from repub George Bush.

BTW, for the most part the corporate empires are run by repubs.

EN3 is just another brainwashed victim of the disgraced faux news – murdoch empire. I do feel sorry for him. And even more so for the middle class Americans. Ps I am rich, but that was by a pure string of many things that led to being in the right place at the right time in the pc biz.

I’ve also worked part time retirement for defunct circuit city. “Where the mgt took tens of millions for their own pocket while driving the co bankrupt. And yes they suspported repubs,even wanted us employees to hand out repub propaganda.

The bottom line on that mess was they new the place was going out of biz in a couple years, so why not steal everything you can and get out while the gettings good.

the only time the place ran a proper biz was under the bankruptcy company during a month long court supervised liquidation of the inventory.

Jul 28, 2011 10:04pm EDT  --  Report as abuse
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