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