TPM Livewire

Report: Obama Won't Make Policy Concessions In Debt Limit Talks

Obama--17
AP Photo / Jacquelyn Martin

Administration officials added that while they're confident that Republicans will realize that the onus is largely on them to raise the debt ceiling, Obama is not sure if that it will be done in time. Congress has until Oct. 17 to raise the debt limit or risk a default, which could trigger global economic turmoil.

Reports on Thursday suggested that House Speaker John Boehner (R-OH) is prepared to raise the debt limit even if he doesn't have the backing of a majority of his Republican caucus.

Obama has said repeatedly that he will not negotiate around the debt limit, but some Republicans have been undeterred. House Budget Chairman Paul Ryan (R-WI) said in an interview published last week that "nobody believes" Obama won't engage in negotiations. 

 

This post has been updated.