Obama says he believes fiscal impasse will be resolved
US President Barack Obama sought to inject a reassuring tone into the frantic efforts to avoid a US debt default this week, saying his expectation is that the fiscal impasse will be resolved.


Obama, in an interview with New York's WABC television, said movement toward a bipartisan deal in the Senate leads him to believe progress is being made. My expectation is it does get solved but we don't have a lot of time," he said. (Reuters)