Sunday, October 20, 2013

Obama says he believes fiscal impasse will be resolved


WASHINGTON (Reuters) - President Barack Obama sought to inject a reassuring tone into the frantic efforts to avoid a U.S. debt default this week, saying his expectation is that the fiscal impasse will be resolved.


Obama, in an interview with New York's WABC television, said movement toward a bipartisan deal in the Senate leads him to believe progress is being made.


"My expectation is it does get solved but we don't have a lot of time," he said.


He added he had been cautioning lawmakers, "Let's not do a lot of posturing, let's not try to save face, let's not worry about politics."


(Reporting By Steve Holland; Editing by Sandra Maler)



Source: http://news.yahoo.com/obama-says-believes-fiscal-impasse-resolved-212011623--sector.html
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