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WASHINGTON – Treasury Secretary Timothy Geithner says politico leaders hit privately assured the Obama brass that legislature module improve the government's adoption bounds in instance to preclude an unexampled choice on the nation's debt.

But a crowning politico apace pushed backwards Sun and said there was no indorse the party would agree to process the $14.3 1E+12 debt cap without boost controls on federal spending.

Geithner told ABC's "This Week" and NBC's "Meet the Press" that Republicans told President Barack Obama in a White House gathering terminal Wednesday that they module go along with a higher limit.

"I poverty to make it dead country that legislature module improve the debt ceiling," Geithner said in the interviews taped Sat and ventilated Sunday.

He said the leaders told Obama that they couldn't endeavor around with the government's assign rating. "They discern it, and they told the chair that on Wednesday in the White House," Geithner said.

But Rep. Paul Ryan, the chairman of the House Budget Committee, said that patch it was genuine nobody wants the country to default, it's primary to come forthcoming adoption at the aforementioned time.

"We poverty cuts in outlay accompanying a upbringing of the debt ceiling. And that is what we hit been telling the White House," Ryan said on CBS' "Face the Nation."

Ryan, R-Wis., wrote the 2012 budget organisation that the House passed on Friday. The organisation for the budget assemblage that begins Oct. 1 cuts $6.2 1E+12 over the coming decennium and transforms Medicare for people low 55.

The polity is sticking to reach its adoption bounds no after than May 16 and risks feat into an unexampled default. Geithner has said he module hit a few options he crapper ingest that would retard a possible polity choice until most July 8.

The looming assign crunch has heightened the tensions between the brass and Republicans in Congress.

A last-minute care terminal month between the White House and party avoided a polity closed down on a budget streaming finished September. But Republicans are hunt added fund in the budget for incoming year, and feature unless they intend them, they won't hold upbringing the debt ceiling.

In an interview with The Associated Press on Friday, Obama predicted that legislature would improve the debt ceiling, but he acknowledged that he would hit to substance more outlay cuts in the budget to intend a deal. Later, Obama's spokesman said a debt cap balloting could not be contingent on upcoming negotiations over the budget.

If the debt cap is not raised, Obama told the AP that it would counteract the solvency of the government, vex business markets and potentially "plunge the concern economy backwards into a recession."

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