https://www.commondreams.org/headline/2011/07/16-2WASHINGTON — President Barack Obama said Friday that he's hopeful of breaking a "logjam" and finding a way to raise the federal debt ceiling, even as House Republicans prepare a vote next week on a deficit-cutting plan that's sure to win votes from most Republicans — and to go nowhere in the Democratic-dominated Senate.
Both parties seemed to have an eye on the 2012 elections Friday as they staked out public positions likely to play well with their target audiences even if their gamesmanship doesn't resolve the debt and deficit quagmire that menaces the nation's economy.
At the same time, White House officials and congressional Republicans continued to talk privately about finding a fix.
Warning that "we are obviously running out of time," Obama said at his second news conference in five days that he's open to brokering a compromise with Republicans and pressed congressional leaders to come back to him with a deal.
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