Archive: 7/25/2011
Daily Israel Report
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Reported

News Brief

  7/25/2011, Tammuz 23, 5771

Daley Warns Against Short-Term Debt Measure


White House Chief of Staff William Daley said on Sunday that President Barack Obama would veto a deal to raise the U.S. debt ceiling if it doesn’t extend the limit through 2013.

In an interview on NBC’s “Meet the Press,” Daley warned that “markets around the world” would react negatively to a short-term measure, and added, “We’ve got to get past this debt ceiling vote. It’s time to get some certainty.”

Daley’s interview took place as congressional negotiators were working on reaching a deal after talks broke down between the administration and House Republicans.