White House Says It Would Consider Lifting Debt Ceiling for Few Days If Needed


cnbc.com

White House spokesman Jay Carney said Friday he still believes it is possible to get a debt deal completed to meet the Aug. 2 default deadline.

House Speaker John Boehner, R-OH, walks away after speaking to the press following a meeting with US President Barack Obama on the budget impasse at the White House.

"We still believe that we can get this done in time to meet the deadline of August 2nd," Carney told reporters, saying there needs to be a compromise agreement to break a partisan stalemate.

Carney reiterated that the White House would consider agreeing to lift the debt ceiling for a few days if needed to finish a deal
.

The U.S. House of Representatives will reconvene at around 2 p.m. and votes are expected within one to two hours after that, officials said Friday.

The House will likely have to go through several procedural steps before it can vote on the Republican plan to raise the debt ceiling, which has been delayed since Thursday as Republican leaders struggled to round up support.

The Republicans are trying to pass a revised bill, a senior Republican said