Obama still pushing for big deal on debt, deficits

WASHINGTON - (AP) - President Barack Obama says it is encouragingthat lawmakers from both sides are in agreement about the need toprevent the U.S. from defaulting on its financial obligations.

But Obama says lawmakers shouldn't be getting this close to anAug. 2 deadline to raise the debt ceiling without an agreement.

Obama says he still wants to strike a big deal that would raise thedebt limit as well as cut spending and raise revenues.

After five straight days of meetings, Obama did not scheduletalks with lawmakers Friday. Instead he asked leaders to take threedeficit reduction options to their members to see which could win avote in the House and Senate.

If the debt ceiling isn't raised by Aug. 2, the U.S. risksdefaulting on its financial obligations.

advertisement | advertise on News 12

Trending Video

News 12 asked residents what they thought about 1 Westchester Talks Trump: First 100 days
News 12 asked viewers what they thought about 2 Hudson Valley Talks Trump: First 100 days
News 12 asked viewers what they thought of 3 Connecticut Talks Trump: First 100 Days
There will be a few road closures over 4 Weekend travel advisory, April 28-30
In honor of National Superhero Day, News 12 5 Word on the Street: Superheroes

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE