Carney: If We Have No Other Alternative We Will “Take Action”

Uploaded by heynowpolitics on Jul 28, 2011

We are also realistic. that grand bargain if you will is still on the table. the one that the speaker of the house walked away from. and while often republicans don’t like to admit it, they came very close to an agreement. and that agreement is still available. now, if we are not able to achieve that in the next several days, we still need — we have no other alternative, we have to take action to ensure that we do not default. and we have to take action to reduce our deficit.

Obama will use the 14th Amendment for cover and will employ an Executive Order to raise the debt ceiling. The EO cometh…