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White House chief of staff Daley's view on US debt limit

07-25-2011 15:00 BJT

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White House chief of staff Bill Daley warns that "markets around the world" would react negatively to a short-term measure to raise the debt ceiling. Bill Daley said Sunday that President Barack Obama wants a solution that raises the debt ceiling through 2013.

Daley reiterated it would be reckless to allow another debt ceiling showdown before next year's election. He said it would not give markets and business leaders the certainty they need.

Daley said, "The American people have gotten nervous. You've got markets around the world ready to react. It's time to get some certainty in the system and whatever deal the Congress comes up with, the President said, it must give us certainty to 2013."

White House Chief of Staff Bill Daley appears on "Meet the Press" in Washington July 24, 2011.

Editor:Li Wanran |Source: CNTV.CN

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