that is the traditional form of a debt ceiling increase. there is, now, one thing, only one thing, that barack obama, john boehner, and mitch mcconnell agree on. i just completed a meeting with all the congressional leaders from both chambers, from both parties, everybody reconfirmed the importance of completing our work and raising the debt limit ceiling so that the full faith and credit of the united states of america is not impaired. i agree with the president that the national debt limit must be raised. the third option, and, i think, the least attractive option, is one in which we raise the debt ceiling but we don t make any progress in deficit and debt. i would advocate that we pass le5m1q%=91ñ giving the president the authority, the authority to request of us an increase in the debt ceiling
the clock or a half an hour left on the clock. he can insist, send me one-page bill with a debt ceiling increase on it and nothing else, and he can do that at the very last minute. that is the traditional form of a debt ceiling increase. there is, now, one thing, only one thing, that barack obama, john boehner, and mitch mcconnell agree on. i just completed a meeting with all the congressional leaders from both chambers, from both parties, everybody reconfirmed the importance of completing our work and raising the debt limit ceiling so that the full faith and credit of the united states of america is not impaired. i agree with the president that the national debt limit must be raised. the third option, and, i think, the least attractive option, is one in which we raise the debt ceiling but we don t
of these with an hour left on the clock or a half an hour left on the clock. he can insist, send me one-page bill with a debt ceiling increase on it and nothing else, and he can do that at the very last minute. that is the traditional form of a debt ceiling increase. there is, now, one thing, only one thing, that barack obama, john boehner, and mitch mcconnell agree on. i just completed a meeting with all the congressional leaders from both chambers, from both parties, everybody reconfirmed the importance of completing our work and raising the debt limit ceiling so that the full faith and credit of the united states of america is not impaired. i agree with the president that the national debt limit must be raised. the third option, and, i think, the least attractive
the clock or a half an hour left on the clock. he can insist, send me one-page bill with a debt ceiling increase on it and nothing else, and he can do that at the very last minute. that is the traditional form of a debt ceiling increase. there is, now, one thing, only one thing, that barack obama, john boehner, and mitch mcconnell agree on. i just completed a meeting with all the congressional leaders from both chambers, from both parties, everybody reconfirmed the importance of completing our work and raising the debt limit ceiling so that the full faith and credit of the united states of america is not impaired. i agree with the president that the national debt limit must be raised. the third option, and, i think, the least attractive option, is one in which we raise the debt ceiling but we don t
u.s. credit rating is going to be affected, both in the circumstance that we reach a debt limit ceiling and push it forward by august 2nd or if it s affected by all this just back and forth, back and forth, and seeming uncertainty. yeah, if the deal is not really substantial, i think you re going to see a possible downgrade of u.s. debt. i think they have to do something serious here. i mean, we ve been talking about this for a year. but really, if you look forward, now that it s been called attention to, the rating agencies are really focusing in on the u.s. and we have a lot of debt moving forward. so i think if they downgrade u.s. debt or if they go into default and then they downgrade, interest rates will probably end up going higher. because we re going to have to pay more for international investors to buy our debt. so the way you pay more is you raise interest rates. it could also mean that banks freeze up lending at least in the short term. so there could be some