White House says raising debt cap unilaterally would be suspect

Reuters

WASHINGTON, Sept 30 (Reuters) - The White House on Mondayrejected as lacking in credibility any steps by President BarackObama to raise the country's debt ceiling on his own shouldCongress fail to do so before a mid-October deadline.

"Even if the president could ignore the debt ceiling, thefact that there is significant controversy around thepresident's authority to act unilaterally means that it wouldnot be a credible alternative to Congress raising the debtceiling and would not be taken seriously by the global economyand markets," White House spokesman Jay Carney told reporters.

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