Obama still pushing for large deficit deal - WAOW - Newsline 9, Wausau News, Weather, Sports

Obama still pushing for large deficit deal

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WASHINGTON (AP) -- President Barack Obama says he will continue to push congressional lawmakers to reach the largest deal possible to cut government spending and raise the nation's borrowing limit.

Obama says he knows his call for a large deal faces resistance. House Speaker John Boehner has said a smaller deal stands a better chance of passing on Capitol Hill. But the president insisted, "Now's the time to do it. If not now, when."

Obama says he and lawmakers will keep meeting until they reach a deal to increase the nation's borrowing limit. The Treasury Departments says the U.S. will start defaulting if lawmakers don't raise the debt ceiling by Aug. 2.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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