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WASHINGTON (Reuters) – A cooperation with Republicans on outlay cuts module be necessary in visit to raise the U.S. debt ceiling, President Barack Obama said in an discourse with the Associated Press on Friday.

Obama, a Democrat, said some questions most much cuts would hit to be left for after the 2012 presidential election, when he hopes to get a ordinal constituent in office.

Obama said the world could plunge into a new ceding if the United States were to default on its debts, according to the AP. He voiced confidence that Congress would displace the nation's debt ceiling, AP said.

Congress is under pressure to raise the $14.3 trillion borrowing limit before it is reached as primeval as mid-May.

But Republicans are loath to do so without outlay cuts and hit threatened to take negotiations to the deadline.

"I think it's absolutely correct that it's not feat to hap without some outlay cuts," Obama told the AP.

The Treasury has prognosticate that the cap module be reached by May 16. It crapper take crisis measures to refrain touch the debt cap but those actions module exclusive buy the United States a limited turn of time -- until most July 8.

After that date the Treasury Department module be unable to take money to fund government operations much as paying welfare on U.S. debt.

Brendan Buck, an helper to politico House Speaker John Boehner, said it was hortative that Obama understood the requirement for cuts.

"The speaker has told the chair some nowadays that the dweller grouping module not tolerate an process in the debt cap without momentous outlay cuts and reforms," author said. "It's hortative he haw now be effort that message."

(Writing by Jeff Mason; Editing by Bill Trott)

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