Obama still pushing for large deficit deal

(AP) - President Barack Obama says he will continueto push congressional lawmakers to reach the largest deal possibleto cut government spending and raise the nation's

WASHINGTON - (AP) - President Barack Obama says he will continueto push congressional lawmakers to reach the largest deal possibleto cut government spending and raise the nation's borrowing limit.

Obama says he knows his call for a large deal faces resistance.House Speaker John Boehner has said a smaller deal stands a betterchance of passing on Capitol Hill. But the president insisted,"Now's the time to do it. If not now, when."

Obama says he and lawmakers will keep meeting until they reach adeal to increase the nation's borrowing limit. The TreasuryDepartments says the U.S. will start defaulting if lawmakers don'traise the debt ceiling by Aug. 2.

advertisement | advertise on News 12

Trending Video

One of the tickets was sold at the 1 Winning lottery tickets sold in New Jersey
VIDEO: Chopper 12 over East Brunswick bus crash 2 VIDEO: Chopper 12 over East Brunswick bus crash
Multiple injuries reported following bus accident in East 3 Multiple injuries reported following bus accident in East Brunswick
Collection agencies working for the IRS may call 4 Consumer Alert: IRS collections
The water line feeds many homes and business 5 Water main break in Kearny affects Bayonne

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