Washington (CNN) - The Obama administration said Saturday the extended debate over increasing the federal debt ceiling took too long, and involved too much political squabbling.
"The bipartisan compromise on deficit reduction was an important step in the right direction," White House press secretary Jay Carney said in a statement. "Yet, the path to getting there took too long and was at times too divisive. We must do better to make clear our nation's will, capacity and commitment to work together to tackle our major fiscal and economic challenges."
Carney's statement comes the day after the rating agency Standard and Poor's downgraded America's credit rating. S&P cited the country's charged political climate as a contributing factor to the downgrade.
Carney said that going forward, Republicans and Democrats needed to work together to reassure the world of the United States' credit worthiness.
"Over the coming weeks the President will strongly encourage the bipartisan fiscal committee as well as all members of Congress to put our common commitment to a stronger recovery and a sounder long-term fiscal path above our political and ideological differences," Carney said.