The markets didn't wait Friday for word on whether the White House and congressional Republicans had reached a deal on the government shutdown and, more importantly, whether the threat of a default on the country's debt had been lifted. Stocks rose as Wall Street bet that a deal would be reached over the weekend.
That could still happen, but it didn't happen Friday.
After the markets closed, White House press secretary Jay Carney expressed optimism at a "new willingness" on the part of GOP leaders to reopen the government and avoid a potentially disastrous default, but said President Obama won't agree to tie negotiations to extending the debt ceiling by another six weeks.
"What we think is not the right way to go is to try again to link extension of the debt ceiling to budget negotiations, and therefore link the possibility of default to whether one side gets what it wants in those negotiations," Mr. Carney said in a statement.
House Speaker John Boehner spoke with the president on the phone earlier in the afternoon. Prior to the White House statement, the speaker's office issued a statement saying that Mr. Boehner and Mr. Obama had agreed "that we should all keep talking."
Most Popular Stories
- Americans Still Pessimistic Despite Economic Growth
- Apple to Unveil New Items on Sept. 9
- Friends Followed Similar Paths to Violent Jihad
- Axxis Solutions Appoints Benites as CEO
- Obama Puts Ukraine Violence on Russia
- Janet Yellen's Assets Grew by 8 Percent in 2013
- Hillary Clinton Breaks Silence on Ferguson
- California Moves Toward Ban on Plastic Bags
- Petit Retires 46 Batters in a Row, MLB Record
- Identity Thieves Prey on Job Seekers