The debt-ceiling debate tops the agenda in Carney’s session with reporters.
Carney says the consequences for defaulting on our obligations for the first time would be reckless and “unpredictable.”
“The President believes firmly that a deal is possible, that if the players here all check their absolutist positions and rhetoric at the door.”
“There is the will in Congress…to pass a significant deficit reduction bill that would be balanced.”
“We anticipate pretty intense negotiations going forward.”
“The President is willing to make the hard choices, and he expects others to make the same.”
On Sec. Geithner: “I think he’ll be here for the foreseeable future.”