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Obama says time is running out for debt deal

Friday, July 15, 2011 - 00:50

July 15 - Time is running out to come up with a deal to raise the debt limit, U.S. President Barack Obama warned lawmakers on Friday as a Aug. 2 deadline looms. Rough Cut (no reporter narration).

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(ROUGH CUT - NO REPORTER NARRATION) STORY: Time is running out to come up with a deal to raise the debt limit, U.S. President Barack Obama warned lawmakers on Friday as a Aug. 2 deadline looms. "We are obviously running out of time and so what I have said to members of Congress is that you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised," he told a news conference.

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Obama says time is running out for debt deal

Friday, July 15, 2011 - 00:50