Obama says he believes fiscal impasse will be resolved
WASHINGTON (Reuters) - President Barack Obama sought to inject a reassuring tone into the frantic efforts to avoid a U.S. debt default this week, saying his expectation is that the fiscal impasse will be resolved.
Obama, in an interview with New York's WABC television, said movement toward a bipartisan deal in the Senate leads him to believe progress is being made.
"My expectation is it does get solved but we don't have a lot of time," he said.
He added he had been cautioning lawmakers, "Let's not do a lot of posturing, let's not try to save face, let's not worry about politics."
(Reporting By Steve Holland; Editing by Sandra Maler)
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