Short-Term Debt Ceiling Solution? [VIDEO]

(AP Photo)


(AP Photo)
(AP Photo)

The White House signals its willingness to accept a short-term solution to the debt ceiling impasse.

FOX News Radio's Mike Majchrowitz reports from the White House:

Audio clip:

The President himself left the door open for a short-term debt ceiling fix when he talked to reporters earlier this week. And the chair of his economic council, Gene Sperling, told a National Review forum that the President remains flexible on that point.

Sperling: "Whether that is for six weeks, six months or six years."

But, Sperling said the increase must not have other issues attached and can not be used to extract concessions.

Sperling: "We'll extend for a period, but then we want you to give us policy gains to extend it again, the answer to that is no."

And, Sperling indicated the President would sign a clean, short-term debt limit increase even if the Government remains shut down.

At the White House, Mike Majchrowitz, FOX News Radio.

Watch the VIDEO below for more on this story:

Will the House Republicans plan be enough to get negotiations going?

(AP Photo)
(AP Photo)

FOX News Radio's Jared Halpern reports from Capitol Hill:

Audio clip:

The short-term debt limit increase is not without conditions. FOX Business Network's Rich Edson first to report the Republican offer will extend the borrowing authority through November 22nd. So long as Senate Democrats appoint budget negotiators and President Obama agrees to discuss deficit reduction.

Boehner: "And I would hope the President would see this as an opportunity and a good faith effort on our part."

This debt limit increase would avoid a default next week, but leaves uncertain a solution to end the ongoing Government shutdown.

On Capitol Hill, Jared Halpern, FOX News Radio.

Read a statement from the White House below:

The President had a good meeting with members of the House Republican Leadership this evening (Thursday); the meeting lasted approximately an hour and a half.  The President, along with the Vice President, Treasury Secretary Lew, Denis McDonough and Rob Nabors listened to the Republicans present their proposal.  After a discussion about potential paths forward, no specific determination was made.  The President looks forward to making continued progress with members on both sides of the aisle.  The President's goal remains to ensure we pay the bills we've incurred, reopen the government and get back to the business of growing the economy, creating jobs and strengthening the middle class.

Read a statement from House Speaker John Boehner's office below:

This evening in the Roosevelt Room, the leaders laid out the House proposal to temporarily extend the debt limit, formally appoint budget negotiators, and begin immediate discussions over how to re-open the government. No final decisions were made; however, it was a useful and productive conversation. The President and leaders agreed that communication should continue throughout the night. House Republicans remain committed to good faith negotiations with the president, and we are pleased there was an opportunity to sit down and begin a constructive dialogue tonight.

Brendan Buck Press Secretary | House Speaker John Boehner

Tune into your local FOX News Radio affiliate for more on this developing story.