Obama still pushing for big deal on debt, deficits

(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.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."