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 This material may not be published, broadcast, rewritten or redistributed.)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>>

  • SPREAD THE NEWS: WSP Looks For Man Charged With 59 Counts Of Sexual Misconduct With Children

    SPREAD THE NEWS: WSP Looks For Man Charged With 59 Counts Of Sexual Misconduct With Children

    Wednesday, April 16 2014 3:03 PM EDT2014-04-16 19:03:03 GMT
    KHQ.COM - The Washington State Patrol’s Criminal Investigation Division has been assisting Minnesota’s Pine County Sheriff’s Office in attempts to locate a subject charged with 59 felony counts of Criminal Sexual Conduct involving two young females.More >>
    KHQ.COM - The Washington State Patrol’s Criminal Investigation Division has been assisting Minnesota’s Pine County Sheriff’s Office in attempts to locate a subject charged with 59 felony counts of Criminal Sexual Conduct involving two young females.More >>
  • UPDATE: Spirit Lake Suspicious Device Only A Toy Grenade

    UPDATE: Spirit Lake Suspicious Device Only A Toy Grenade

    Wednesday, April 16 2014 2:47 PM EDT2014-04-16 18:47:42 GMT
    UPDATE: A suspicious item discovered in a mailbox near Middle Ave. in Spirit Lake, causing evacuations in the immediate area, has turned out to just be a toy grenade, according to the Spirit Lake Police Department. SLPD and other agencies were on scene investigating the incident and a robot was used to retrieve the object out of the box.
    More >>
    UPDATE: A suspicious item discovered in a mailbox near Middle Ave. in Spirit Lake, causing evacuations in the immediate area, has turned out to just be a toy grenade, according to the Spirit Lake Police Department. SLPD and other agencies were on scene investigating the incident and a robot was used to retrieve the object out of the box.
    More >>
  • BREAKING UPDATE: Nearly 300 Missing In Ferry Disaster; Most Of The Passengers Are High School Students

    BREAKING UPDATE: Nearly 300 Missing In Ferry Disaster; Most Of The Passengers Are High School Students

    Wednesday, April 16 2014 1:17 PM EDT2014-04-16 17:17:03 GMT
    SEOUL, South Korea (AP) - Officials in South Korea say nearly 300 people are still missing several hours after a ferry sank in the cold waters off the country's southern coast. At least two people are confirmed dead, but there are fears of a much bigger death toll as dozens of boats, helicopters and divers continue to search for survivors.More >>
    SEOUL, South Korea (AP) - Officials in South Korea say nearly 300 people are still missing several hours after a ferry sank in the cold waters off the country's southern coast. At least two people are confirmed dead, but there are fears of a much bigger death toll as dozens of boats, helicopters and divers continue to search for survivors.
    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.