Monday Briefing

Debt ceiling, S&P rating and rising oil prices top the agenda in Carney's session with reporters.

On S&P rating:
Carney says report shows economy is "strong" and "dynamic."

On debt ceiling:

It's "absolute" that ceiling will raise, not to do so would be a "catastrophic folly."

"We are pursuing deficit reduction aggressively," but Congress needs to take action as well. It would be a "mistake" for one aspect to be dependent on the other.

On skyrocketing oil prices:

There are "no short-term solutions," we need to "increase production of energy of all kinds."

"It is a conversation we have everyday here."