President Obama acknowledged Friday that a vote to raise the country’s debt ceiling would require additional spending cuts to gain enough Republican support.
“I think it’s absolutely right that it’s not going to happen without some spending cuts,” the president told The Associated Press during an interview in Chicago.
For weeks, the White House has been calling for a “clean bill,” saying the vote should not be held hostage by political squabbles, which would usher in the threat of default on the country’s loans.
However, Republicans insisted they would not raise the debt ceiling without a commitment from Democrats to slash spending.
Obama said he was confident about raising the limit, adding, “We always have. We will do it again.”
