President Barack Obama quickly endorsed a Senate deal aimed at averting a US debt default and ending a government shutdown on Wednesday and wants Congress to approve it swiftly, the White House said.
Spokesman Jay Carney, briefing reporters on Obama's reaction to the bipartisan Senate deal that emerged on Capitol Hill, said the agreement will reopen the government and remove the threat of a debt default.
He said the United States is close to the point where the Treasury Department cannot borrow new money to meet its debt obligations, which is why Congress needs to move fast.
Republican leaders in the US House of Representatives have set a meeting for 3 pm (1900 GMT) on Wednesday to brief their members about the Senate's newly minted bipartisan deal to raise the debt limit and end the government shutdown.
The meeting is likely to be raucous since it does not contain demands by House Republicans to rollback President Barack Obama's healthcare overhaul. Regardless, the House is expected to approve the measure later in the day with mostly Democratic votes, aides said.
Voice of Russia, AFP, Reuters
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Obama backs Senate debt deal, urges Congress to approve it swiftly - White House
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- 02:10 PM, oct 16
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