Policy: Budgets & Deficits

Jay Carney: Obama 'would likely sign' short-term debt limit increase

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Politics,White House,Brian Hughes,Barack Obama,Debt Ceiling,PennAve,Budgets and Deficits,Government Shutdown,Jay Carney

White House press secretary Jay Carney on Thursday said President Obama would sign a short-term increase in the debt limit proposed by the GOP but cautioned that the administration still needs to see what the Republican-led House actually passes.

"The president is happy that cooler heads at least seem to be prevailing in the House," Carney said in his daily briefing with reporters, of the GOP plan in the works.

Carney added that the president would "likely sign" a short-term increase in the debt limit, meeting a pledge Obama made this week.

Republican leaders floated a blueprint Thursday morning that would increase the nation's borrowing limit for six weeks but not end the government shutdown. Republicans are also calling for negotiations around a broader budget deal.

The White House continues to press for the reopening of the entire federal government but has signaled that Obama would sign a shorter increase in the debt limit to avoid defaulting.

Obama will meet with Senate Democrats and House Republicans separately at the White House on Thursday afternoon.

Carney said Obama would keep up his hardline stance in those talks.

"The American people should not be punished," Carney insisted, so Republicans can "save face."

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