White House Press Secretary Jay Carney on Senator McConnell's debt limit proposal -

"..Senator McConnell's proposal today reaffirmed what leaders of both parties have stated clearly, that defaulting on America's past due bills is not an option. The President continues to believe that our focus must remain on seizing this unique opportunity to come to agreement on significant, balanced deficit reduction. As the President has said, "If not now, when?" It is time for our leaders to find common ground and reduce our deficit in a way that will strengthen our economy..."