White House Press Secretary Jay Carney talks about who would suffer if America would default on its obligations, and states that it is not Democratic nor Republican but rather an American problem.
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Debt reducation, Jay Carney, White House in Audio White House Press Secretary Jay Carney says that it will take Congress some time to write this legislation ahead of the fast approaching August 2 deadline, so a deal must come in a matter of days. (:16)
Congress, Debt reducation, White House in Audio White House Press Secretary Jay Carney disagrees with the assertion that the deficit reduction talks led by Vice-President Biden collapsed, and he explains how all the issues were not going to be resolved; though they have found significant areas of compromise and will continue to move forward towards a deficit reduction deal. (:33)
Debt reducation, biden, obama in Audio 
