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Washington - White House: Obama Would Support Short-Term Debt Limit Increase

Published on: January 22, 2013 12:40 PM
By: Reuters
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US President Barack Obama points to the crowd as he walks down Pennsylvania Avenue during the Inaugural parade after he was sworn in for a second term as the 44th President of the United States in Washington, DC, USA, 21 January 2013. EPA/TANNEN MAURYUS President Barack Obama points to the crowd as he walks down Pennsylvania Avenue during the Inaugural parade after he was sworn in for a second term as the 44th President of the United States in Washington, DC, USA, 21 January 2013. EPA/TANNEN MAURY

Washington - The White House on Monday welcomed signals by Republican leaders in the House of Representatives that they aim to pass a nearly four-month extension of the U.S. debt limit, saying the move would take away uncertainty over the issue.

White House spokesman Jay Carney told a briefing that the administration believed the debt limit should be raised over the longer term instead of in incremental steps, but the shift by Republicans was a positive sign.

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President Barack Obama would not stand in the way of a short-term extension becoming law if it passed Congress, Carney said.


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