Monday Briefing


Budget and debt top the agenda in Carney’s session with reporters.

On debt debate:

Effects would be “Armageddon-like” if Congress didn’t raise the debt ceiling.

Reiterates that Obama regrets his Congressional vote against raising the debt ceiling, says doing so “important to the health of this economy.”

On Ryan budget:

Says Ryan’s proposal lacks “balance” and favors relief for the wealthy.

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