Obama Says He Believes Fiscal Impasse Will Be Resolved

President Barack Obama sought to inject a reassuring tone into the frantic efforts to avoid a U.S. debt default this week, saying his expectation is that the fiscal impasse will be resolved.

Obama, in an interview with New York’s WABC television, said movement toward a bipartisan deal in the Senate leads him to believe progress is being made.

“My expectation is it does get solved but we don’t have a lot of time,” he said.

He added he had been cautioning lawmakers, “Let’s not do a lot of posturing, let’s not try to save face, let’s not worry about politics.”

Source: Reuters