U.S. Senator Rob Portman of Ohio thinks a solution can be reached avoiding a government default.
(Cleveland) - Some congressional Republicans may seek a quick, short-term extension of the government's debt limit. Such a move would avoid an immediate default.
However, there's no word as to how long an extension of the government's borrowing authority is under consideration, or what conditions might be attached.
U.S. Senator Rob Portman says he believes a solution can be worked out with the White House to raise the debt limit while creating deficit savings.
Portman tells Newsradio WTAM 1100 that there are ways to cut military and social service spending in a thoughtful manner, but all departments should be placed on review.
Portman maintains, when Washington is feeling debt limit pressure, it is good time to debate the deficit issue. He points out, talks between then President Bill Clinton, and Republican leaders led to a balanced budget in 1996.
There is no fixed date for raising the debt limit, but automatic spending cuts are set to begin in March, and funding for many government agencies and services runs out on March 27.
Get breaking news sent to your mobile phone. Text "news" to 21095.
(Copyright 2013 Clear Channel, all rights reserved.)