July 29, 2011 / 12:36 AM / in 8 years

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

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below