White House: GOP Debt Cap Proposal `encouraging'

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White House: GOP Debt Cap Proposal `encouraging'

White House: GOP Debt Cap Proposal `encouraging'
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White House: GOP Debt Cap Proposal `encouraging'

by Associated Press Videos 0:59 mins

The White House said House Speaker John Boehner's proposal for a short-term deal to increase the nation's borrowing limit is an "encouraging sign," though spokesman Jay Carney said President Obama prefers a longer-term agreement. (Oct. 10)

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