White House: GOP debt cap proposal 'encouraging' (video)

Credit: MGN Online

White House: GOP debt cap proposal 'encouraging' (video)

October 10, 2013 Updated Oct 10, 2013 at 5:04 PM EDT

The White House said House Speaker John Boehner's proposal for a short-term deal to increase the nation's borrowing limit is an "encouraging sign," though spokesman Jay Carney said President Obama prefers a longer-term agreement.

Watch the video below to find out more.



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