White House: No "Ransom" To Hike Debt Ceiling, Avoid Default
Tuesday, January 28
(Washington, DC) -- Presidential spokesman Jay Carney claims the administration will not pay a "ransom" to raise the debt ceiling and avoid default.
In a White House briefing, Carney said Congress must pay bills that have already been racked up and boost the debt limit again next month. He suggested Republicans should have learned painful lessons from past showdowns over increasing the nation's borrowing authority. He referred to the showdowns as "disastrous ideological pursuits." Some Republican leaders want to demand additional spending cuts before raising the debt ceiling.
White House spokesman Jay Carney says Congress must fulfill its responsibilities to its creditors.
Carney says Republicans should have learned painful lessons from past showdowns over increasing the nation's borrowing authority.