Reuters - Video

Edition: US | UK | IN | CN | JP

Video

White House: Debt talks moving into "difficult days"

Sunday, July 24, 2011 - 01:44

July 24 - White House Chief of Staff Daley said debt talks are moving into ''difficult days'' and said it is crucial to market confidence to get a deal soon. Deborah Lutterbeck reports

▲ Hide Transcript

View Transcript

With the clock ticking on raising the U.S. debt ceiling, White House Chief of Staff Bill Daley told NBC's Meet the Press that talks were moving into "difficult days" but he said he was confident an agreement will be reached. SOUNDBITE: White House Chief of Staff Bill Daley, saying (English): "I think we are getting into difficult days, obviously the Congress, some people believe that the Congress acts rather slowly, but when they need to act, when they see a crisis, I have firm belief and everyone of the leaders, Sen. McConnell, Speaker Boehner, senator Reid Congresswoman Nancy Pelosi have all committed themselves that this country's debt will be paid." Daley added, however, that markets around the world are waiting to see if U.S. officials can reach an agreement. SOUNDBITE: White House Chief of Staff Bill Daley, saying (English): "We are now getting to a point where markets around the world will question whether the political system can come together and compromise for the greater good of the country," Daley said the White House wants a deal struck that would raise the debt ceiling by enough so that another vote is not needed before the November 2012 elections, which could be done in two steps. SOUNDBITE: White House Chief of Staff Bill Daley, saying (English): "This has to be two steps," he said. "But the second step must get us through '13 without having to go through this ridiculous fight over extending the debt ceiling." Without an increase in the debt ceiling the Treasury says the U.S. government will start running out of money August 2nd.. Deborah Lutterbeck, Reuters

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

White House: Debt talks moving into "difficult days"

Sunday, July 24, 2011 - 01:44