Live blog of Obama's press conference
July 15th, 2011
12:00 PM ET
11 years ago

Live blog of Obama's press conference

(CNN) - President Barack Obama is scheduled to hold a news conference at 11 a.m. ET Friday to provide an update on the status of negotiations to raise the federal debt ceiling. Check below for live updates and read the full story here.

11:39 a.m. ET - @SpeakerBoehner: Republicans have led on the big issues, putting forward a plan & a budget #4jobs

11:38 a.m. ET
- @CRrileyCNN: Obama ends his press conference, the third such affair in three weeks.

11:36 a.m. ET - @CRrileyCNN: Obama: "We have enough time to do a big deal ... we know how we can create a package that solves the deficit and debt." But countdown is on.

11:35 a.m. ET - @LisaDCNN: OBAMA ANSR 6: Yes, there may be some interest to do something more than the minimum done. But we're running out of time.

11:35 a.m. ET - Q: Any sign Republicans are willing to negotiate?

11:34 a.m. ET - Obama said American people will remember who is trying to get a deal done and who isn't because voters will remember when they go to the polls next time.

11:32 a.m. ET - @EWErickson: What we are witnessing is a man who has gotten passes all through life now being forced for the first time to take a real position.

11:32 a.m. ET - Obama said there will be a "big, serious debate" in 2012 over the economy and how to "win the future." Said he's confident he will win that debate.

11:29 a.m. ET - @CRrileyCNN: What I haven't heard yet from Obama is a clear path forward toward a deal. That's not good news.

11:29 a.m. ET - @donnabrazile: President Obama: "I still have hope." So do I! Let us never lose hope or our faith. Politicians come and go but let us remain committed.
11:29 a.m. ET - Obama said part of the job is criticism and he doesn't expect politicians "not to think about politics." But, he said, there are things bigger than politics.

11:28 a.m. ET
- Q: How much is political atmosphere poisoning the well on negotiations?

11:27 a.m. ET - "I always have hope, don't you remember my campaign?," Obama said. Adds that the American people give him hope.

11:26 a.m. ET - Q: Does McConnell plan give you more hope of a deal?

11:26 a.m. ET - On McConnell plan: Glad everyone realizes we should avoid "Armageddon." Obama said the plan doesn't solve the problem.

11:24 a.m. ET - @CRrileyCNN: Obama: We're not Greece. We're not Portugal. @CNNMoney examines that question here:

11:23 a.m. ET
- "We don't need a constitutional amendment to do our jobs," Obama reiterated.

11:22 a.m. ET - Q: Would you support a balanced budget amendment?

11:21 a.m. ET - @CRrileyCNN: Obama now laying out why he didn't press harder for the Simpson-Bowles debt plan. Here is what that plan called for

11:20 a.m. ET - "This is not an issue of salesmanship to the American people, the American people are sold," Obama said. Americans support a "balanced approach."

"The problem is members of Congress are dug in ideologically ... they boxed themselves in with previous statements," he said.

11:19 a.m. ET - "This notion that things got ugly just isn't true," Obama said, adding the American people aren't interested in the "reality TV show" part of the debate.

11:18 a.m. ET - Q: Any regrets from these negotiations, are you sorry you didn't take a debt package to the American people earlier?

11:18 a.m. ET - @CRrileyCNN: Obama continues to stress the need for revenues in any deal. GOP is adamantly opposed.

11:16 a.m. ET - Obama said he thinks about this like a layer cake ... start by doing the bare minimum and then add on, fixing the problem for a "decade or more."

11:14 a.m. ET - Addresses "cut cap and balance pledge," signed by many Republicans and GOP presidential candidates: We don't need a constitutional amendment to balance the budget.

11:13 a.m. ET - Obama said he has "not seen a credible plan" to cut 2.4 trillion without raising revenues.

11:12 a.m. ET - Obama said the House will vote on some things to "make political statements."

11:11 a.m. ET - Q: Agree with House GOP's current plan on the debt?

11:09 a.m. ET - @prestoncnn: Interesting Pres. Obama said: "Congress has run up the credit card" and now the bills must be paid. He was a U.S. senator ...

11:07 a.m. ET - Obama said he wants a plan where current beneficiaries aren't affected but the programs overtime are changed so they are more sustainable. When asked about raising the retirement age, said he would not get into specifics.

11:06 a.m. ET
- Q: What's one structural reform you're willing to make to entitlement reforms?

11:05 a.m. ET - Obama said he has told Congresional leaders to produce a plan to raise the debt ceiling and and address the deficit and debt. Obama said "show me a serious plan, I'm ready to move, even if it requires some tough decisions on my part."

11:04 a.m. ET - "I'm still pushing for us to achieve a big deal," Obama said. If we can't get the biggest deal, lets still "send a signal that we're serious about this problem." He said the least attractive option is one where the debt ceiling is raised with no progress on the deficit or debt.

11:02 a.m. ET - Obama said it is hard to do a big package. Republicans, he said, have made it clear they aren't willing to do revenues but his hope is that "they're not just listening to lobbyists special interests, but also to the American people."

11:00 a.m. ET - American people expect "we get our fiscal house in order," Obama said. During the negotiations he said he has stressed to Congressional leaders that this is an opportunity to "seize the moment" through shared sacrifice – cuts in domestic spending, defense spending, health care spending (including Medicare) and revenues.

10:59 a.m. ET - Obama said it's encouraging that everyone agrees we cannot default on our loans, even though "we should not even be this close to a deadline."

10:58 a.m. ET - Obama enters White House briefing room.

10:40 a.m. ET - Talks between top Democrats and Republicans over the last five days have failed to produce a concrete deal. Obama suggested Thursday that a sixth meeting could be held this weekend if sufficient progress isn't made, according to a Republican aide familiar with the latest negotiations.

10:37 a.m. ET
- Obama told congressional leaders Thursday he expected them to consult with their respective caucuses and find agreement over the next 24 to 36 hours on how to proceed, after previously setting a Friday deadline.

10:36 a.m. ET - @wolfblitzercnn: Debt limit deal or no deal? I'm heading to #CNN CapSet to cover @BarackObama newser. Starts 11AM ET

10:35 a.m. ET - Negotiations have reflected core ideological principles on both sides of the aisle over taxes and the size of government.

10:30 a.m. ET
- Administration officials have warned that a failure to raise the current $14.3 trillion debt ceiling by August 2 could trigger a partial default.

Filed under: Congress • Debt • Deficit • President Obama
soundoff (171 Responses)
  1. Richard Brown

    These loop holes have nothing to do with job creation. This is about incresaing shareholder dividends and paying these obscene bonuses to CEO's and upper management. They have enough incentive to create more jobs; its called larger profits. How about a "flat tax". Everybody pays a smaller rate,say 8-10%, when I say everbody I mean everbody from retirees to wefare recipiants to CEO's and Corporations with no loop holes, no deductions. This will allow the majority of the taxpayers to have more money to spend, thereby stimulating the economy. I believe this will in the long run give the goverment more revenue, because everybody is paying his/her fair share.

    July 15, 2011 12:56 pm at 12:56 pm |
  2. 'merica ruined by rethugs

    Bob in Pa.

    The pres needs to start paying for all his funraising activities – plans, trains, automobiles, staff, secret service, hotels, police.
    It is a tremendouse abuse of public funds when a president goes fundraising.

    You can't be that simple can you? First, where was this outrage when Bush was going for his second term? Second, you must watch Faux Noise or something because the rest of the informed world is well aware that our President (must hurt for you to hear that, OUR PRESIDENT) just had a tremendous haul in his re-election fund. Next?

    July 15, 2011 01:01 pm at 1:01 pm |
  3. Republican Robber Baron

    Obama is taking charge...I wish he can get the deadbeat knuckleheads from both parties in Congress to get off their lazy rear ends and FIX this mess once and for all. We can not sustain the out of control Defense and Corporate Welfare Spending. He is right we should try to also try to make Entitlements more efficient without impacting benefits much if at all. Maybe raise the retirement age by just 1 year is a no brainer for starters. Too much fraud and waste in Medicare as well.

    July 15, 2011 01:06 pm at 1:06 pm |
  4. 'merica ruined by rethugs

    11:39 a.m. ET – @SpeakerBoehner: Republicans have led on the big issues, putting forward a plan & a budget #4jobs

    Boner obviously the Speaker gig is too much for you, try comedy. Not one jobs bill, not a single one. The gig is up. Nobody with a brain is falling for the "job creator" nonsense any longer. The Bust tax cuts were set to expire for a reason; not to mention that the "job creators" have done nothing in that time period to create all those jobs.
    Stop protecting the top 2% that have declared class warfare on the other 98% of the country.

    July 15, 2011 01:10 pm at 1:10 pm |
  5. bill

    This President is in way over his head.

    July 15, 2011 01:10 pm at 1:10 pm |
  6. Jimmie

    They're comprising to the point where neither can be blamed if things get better or worse so they can end up blaming each other for any bad that may result or take credit for any good. No clear progress will be made and the political environment will remain the same; hate-filled and polarizing.

    July 15, 2011 01:13 pm at 1:13 pm |
  7. Tony Z

    No matter what side of the aisle we currently stand we all agree something needs to be done. What is debt? What you owe so previous decisions like Bush tax cuts are figured into this equation. I hear folks arguing about not taxing incomes over $250K, but if that is not your bracket than stay in your lane. We need to raise revenues by taking back the subsidides which is a paper exercise just like the cut in spending.

    We have a chance to get America on the right path by becoming debt free, stabilizing our entitlement programs and creating jobs all at the same time. Think my fellow Americans.

    July 15, 2011 01:23 pm at 1:23 pm |
  8. ABM

    Even Warren Buffet agrees on adding tax revenues in this "deal" and says the stance the GOP is taking is not good for this country.

    I would personally tear up the Grover pledge and call every pledge agreed upon by our elected officials invalid unless WE vote on them ourselves.

    July 15, 2011 01:23 pm at 1:23 pm |
  9. vet in texas

    it's amazing, we obviously have a person who is looking out for ALL of our best interests vs. people who are looking out for their higher donating contributors.

    We have allowed ourselves to be led by the nose by an entity who is owned by an Aussie and Saudi's (whom 19 attacked us 10 years ago and the president ordered Seal team 6 to takeout the leader who was also Saudi)

    We have allowed highly paid individuals to make us think they are the saviors of the country by telling us "what they are trying to do" all the while making huge incomes telling us misleading "facts". If the talk radio hosts were such "saviors", then why didn't they let us know "what they were trying to do" when they had all 3 branches of government......seems like they looked the other way and did what's best for their pockets.

    We have forgotten recent history and can't admit we made a mistake voting for the people twice when then blame the newest administrations for thier obvious misdeeds

    We have forgotten that prior to Obama's election out national debt was at 11 trillion dollars. Taxes must be increased for the 6 trillion the GOP put on the books and the spending cuts need to pay for the 3 trillion Obama has put on (Clinton left a budget surplus but a 5 trillion dollars).

    I strongly believe that eventually some "real Americans" are getting tired of being punched in the stomach. How many tea partiers who were teachers feel the same way now as they did when they didn't know the president was a citizen?

    July 15, 2011 01:25 pm at 1:25 pm |
  10. vet in texas

    America will be fine, all those gold buyers can take care of themselves because they bought emergency food, computer software, books to read, and now they have tea for two to drink.........tea for two?

    The GOP does not want to pay higher taxes for Obama's 14.3 trillion dollars. Actually, they don't want to pay for the 6 trillion the GOP spent when they had all 3 branches. Tax the rich to pay for their 6 trillion incurred from 2000-2006, and use the spending cuts to pay for Obama's 3 trillion.

    July 15, 2011 01:30 pm at 1:30 pm |
  11. gordon atl

    Its not even Obama's job to do this negotiation. That is Congress's job. Obama is doing all the work.

    July 15, 2011 01:44 pm at 1:44 pm |
  12. talkalotgal

    As a former Republican I cannot understand Republicans who are middle class. Can they not see that the Rep. party is in the hands of big business.....What is wrong with those who have done very well ($1,000,000and up) paying more income tax? The middle class is being broken. There is something wrong with a system where a billionaire such as Warren Buffet pays less tax than his secretary. Obama did come into office in the middle of a terrible recession, major debt, and 2 wars. The Tea Party's theme appears to be that all govt. is your enemy, the *job creators* will create their jobs and get us out of this mess and all will be fine. If that was the case, Bush cut taxes, where are all the jobs?????? They ran in 2010 on jobs, jobs, jobs and have not spoken of them since......Gay marriage, abortion, light bulbs, raising the deficit, on and on. How about creating these jobs??? Oh, yes, I know now,........ the *job creators* are in such flux they are afraid to create them. ....of course, they are scared because of the administration. duh.....why didn't I see that? How many businesses do you know when they get a govt. subsidy turn joyfully and say.....Goodie, we can create more jobs now.....and also with better pay. Please send me the name of one when you find it.

    July 15, 2011 01:45 pm at 1:45 pm |
  13. Dominican mama 4 Obama

    Let me squeeze in between Rudy and Fair to say that I too continue to stand with the President.
    Okay fighters back in the ring!

    July 15, 2011 01:53 pm at 1:53 pm |
  14. Marlene

    Tax increase is a must on a sliding scale per income. Stop the use of Government golf courses and gyms then Liquidate. Government Officials will be limited to two weeks family vacation with a spending limit. Do not allow Government Officials to travel with families while working. Next, limit welfare cash reciepients to two years in five, with a 10% decrease in benefits the first year, a 25% decrease the second year. Food stamp reciepents limit to two years in five with education on gardening with a 50% decrease the second year while children are attending school. For those at the end of the two year limit and willing to work without pay to refurbish old buildings for housing and will recieve credits to eventually live in these buildings. Stop free cell phone for welfare reciepents. Re-evailuate benefits for the disabled. Stop the bailouts. Stop grants going beyond our borders. Support our military.

    July 15, 2011 01:58 pm at 1:58 pm |
  15. Kerry Chicago

    Any politician, that advocates sending this nation back into another recession and causing more job loss just to injure the Commander in Chief's chances to win the Presidency back in 2012 needs to be both voted out of office and tar and feathered and any American that backs that philosophy isn't an American at all, they are terrorists against our citizens.

    July 15, 2011 02:05 pm at 2:05 pm |
  16. Lee W

    What happened to the President's previous stance on dept?

    “The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Senator Barack H. Obama, March 2006

    July 15, 2011 02:21 pm at 2:21 pm |
  17. Lawrence Dc

    It's sad to see a whole bunch of morons forcing everyone to listen to their cry when they either can't read and comprehend or are just plain stupid. If you can't pay your mortage, buy gas and afford the neccesities in life and are making over $250k a year, you are either, a douchebag who spending to too much to impress people, a fool who is living way beyond your means or needs help to manage your money. I mean the Tax hike Obama is talking about is to the rich not to some of the low lifes whinning because they can't read and understand. Some of these politicians are playing games with our lives and some idiot just can't see through this nonsense. Some of these big companies pay very little to no tax while the avearge American pays so much taxes, yet you are defending increase tax rate on the rich who have millions in their bank accounts.

    July 15, 2011 02:21 pm at 2:21 pm |
  18. Lee W

    What happened to the President's previous stance on debt?

    “The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Senator Barack H. Obama, March 2006

    July 15, 2011 02:23 pm at 2:23 pm |
  19. Mário

    Portugal has history in the world that the US could sell his and other´s country´s oil and not have enough money to buy it...

    July 15, 2011 02:24 pm at 2:24 pm |
  20. Jim

    This is ridiculous, we HAD to hammer out a middle class funded insurance scam, and keep dilly dallying with other piddly little issues, yet we wait until crunch time to try to figure out our debt? Didn't they learn their lesson back when they were trying to balance the budget and were a month overdue?

    July 15, 2011 02:29 pm at 2:29 pm |

    all politicians are irresponsible when it comes to money. They always have been and unfortunately they probaly always will be. However, I will never vote for a tax increase on my money that I honestly earned UNTIL the gov't proves it can be trusted with it. Anyone, who thinks that ANYBODY in Washington is spending our money wisely is extremely naive. I am a true independent voter, I have voted both democrat and republican. I choose who i think will do the best job not what party they belong to. I am NOT a member of the Tea party but one thing they do have right is: I would rather gov't be a lot smaller, and get the hell out of my business and my life. Its like a bunch of kids – the more money you give them...the more they will spend.

    July 15, 2011 02:35 pm at 2:35 pm |
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