White House Willing to Consider Short-Term Debt Ceiling Deal

The White House on Monday reiterated that President Barack Obama would not negotiate with Republicans over the threat of a debt default, sticking to its line as stock prices fell and a U.S. government shutdown moved into its second week. But White House National Economic Council Director Gene Sperling did not rule out a short-term increase to the borrowing cap, such as two or three weeks, which could offer more time for an agreement. Speaking at a Politico breakfast, he said that while ...

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