The US president has announced his support for a bipartisan deficit-reduction proposal aimed at averting a debt default, saying time was running out for an agreement to raise the US borrowing limit.
Barack Obama said the ambitious budget plan brought forward on Tuesday by the "Gang of Six" group of senators could provide new ideas for breaking the impasse in Congress over raising the federal government's credit limit by August 2.
Al Jazeera's Kimberley Halkett reports from Washington.
Be the first to comment