Remarks by President Obama on Current Situation Around Debt Ceiling

Washington, DC–(ENEWSPF)–July 22, 2011 – 6:06 P.M. EDT

THE PRESIDENT: Good evening, everybody. I wanted to give you an update on the current situation around the debt ceiling. I just got a call about a half hour ago from Speaker Boehner who indicated that he was going to be walking away from the negotiations that we’ve been engaged in here at the White House for a big deficit reduction and debt reduction package. And I…