President Obama with new immediacy today reiterated his call for a sweeping plan to deal with the nation's long-term debt problems. He warned GOP lawmakers that time is running out on a deal that would prevent the U.S. from defaulting on its financial obligations.
In his second news conference this week on the issue, Obama called on lawmakers to give him a "serious" plan to raise the debt ceiling within the next 24 or 36 hours. But he emphasized the need for Congress to "put politics aside" and tackle an "ambitious" solution to the nation's deficit problems--not just a quick fix.
"We have a unique opportunity to do something big," Obama said. "We have a chance to stabilize America's finances for a decade, for 15 or 20 years, if we are willing to seize the moment."