Obama May Be Open To Short-Term Debt Ceiling Hike - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Obama May Be Open To Short-Term Debt Ceiling Hike

Posted: Updated:

WASHINGTON (AP) - A senior Obama economic adviser is suggesting that the White House would be open to a short-term increase in the nation's borrowing authority. But the adviser, National Economic Council Director Gene Sperling, says a long-term extension of the debt limit would be better for the economy.
    
Sperling says the size of the increase is up to Congress. Asked if a two- or three-week extension would be out of the question for the White House, Sperling said, quote, "Longer is better for economic certainty and jobs, but it is ultimately up to them."
    
Sperling spoke at a breakfast Monday sponsored by Politico.
    
Sperling reiterated President Barack Obama's vow not to negotiate on the debt because it would sanction the threat of default as a bargaining chip and increase the chance of default in the future.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Top Stories from KHQTop StoriesMore>>

  • Jury Finds Arteaga Guilty Of Murder

    Jury Finds Arteaga Guilty Of Murder

    Wednesday, April 23 2014 9:10 PM EDT2014-04-24 01:10:15 GMT
    SPOKANE, Wash. - It took a jury only a little more than two hours on Wednesday to find Daniel Arteaga guilty for the murder of Kim Schmidt. The prosecution said Arteaga was very jealous that his relationship was ending with Schmidt and she was moving on.More >>
    SPOKANE, Wash. - It took a jury only a little more than two hours on Wednesday to find Daniel Arteaga guilty for the murder of Kim Schmidt. The prosecution said Arteaga was very jealous that his relationship was ending with Schmidt and she was moving on. They say that's part of the reason why he decided to kill her at the beginning of 2012. The defense disagreed saying that Arteaga was not there when she died and they think she may have even died of suicideMore >>
  • Child Care More Expensive Than College In Most States

    Child Care More Expensive Than College In Most States

    Wednesday, April 23 2014 9:09 PM EDT2014-04-24 01:09:26 GMT
    SPOKANE, Wash. - It’s something parents all over the Inland Northwest have felt for years and now the data proves it: the average cost of daycare now exceeds in-state college tuition in 31 states, including Washington, Idaho, Montana and Oregon. The report from Child Care Aware shows daycare is roughly $1,000-$5,000 a year more expensive than college in the four above-listed states.More >>
    SPOKANE, Wash. - It’s something parents all over the Inland Northwest have felt for years and now the data proves it: the average cost of daycare now exceeds in-state college tuition in 31 states, including Washington, Idaho, Montana and Oregon. The report from Child Care Aware shows daycare is roughly $1,000-$5,000 a year more expensive than college in the four above-listed states.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KHQ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.