Obama still pushing for large deficit deal, compromise

(AP) - President Barack Obama says he will continueto push congressional lawmakers to reach the largest deal possibleto cut government spending and raise the nation's

WASHINGTON - (AP) - President Barack Obama says he will continueto push congressional lawmakers to reach the largest deal possibleto cut government spending and raise the nation's borrowing limit.

Obama says he knows his call for a large deal faces resistance.House Speaker John Boehner has said a smaller deal stands a betterchance of passing on Capitol Hill. But the president insisted,"Now's the time to do it. If not now, when."

Obama says he and lawmakers will keep meeting until they reach adeal to increase the nation's borrowing limit. The TreasuryDepartments says the U.S. will start defaulting if lawmakers don'traise the debt ceiling by Aug. 2.

advertisement | advertise on News 12

Trending Video

Police say they want to talk to a 1 Police: Man wanted for questioning in Bronx burglary pattern
2 VIDEO: Suspect in Sheridan Avenue murder escorted by police
Bronx Weekend Travel Advisory, Dec.10-11 3 Bronx Weekend Travel Advisory, Dec.10-11
Parents say a norovirus outbreak at P.S. 83 4 Norovirus at P.S. 83 Annex sickens over 100 students
VIDEO: Winter Wonderland at Yankee Stadium 5 VIDEO: Winter Wonderland at Yankee Stadium

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 The Bronx nightside.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE