Obama to Address Raising Debt Ceiling as Part of ‘Fiscal Cliff’ Deal
(WASHINGTON) -- In remarks at the Business Roundtable on Wednesday, President Obama for the first time will highlight the need to raise the debt ceiling as part of a "fiscal cliff" deal.
"The president will highlight why it would hurt our economy and our nation’s businesses if we do not find a solution to avoid another debt ceiling crisis, and will ask the business leaders for their help in supporting an approach that resolves the debt limit without drama or delay," a White House official said, according to Politico.
The White House on Tuesday made clear that raising the nation's debt limit should be part of a deal to avert the looming fiscal cliff.
“We're not going to negotiate over what is a fundamental responsibility of Congress, which is to pay the bills that Congress incurred,” White House Press Secretary Jay Carney told reporters.
“It should be part of the deal. It should be done. And it should be done without drama. We cannot allow our economy to be held hostage again to the whims of an ideological agenda. We are the United States of America. We are the greatest economy on earth. We pay our bills. We always have,” he added.
The president will deliver remarks and take questions from business leaders at the quarterly meeting of the Business Roundtable Wednesday morning.
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