Debt Ceiling Deadline Looms: Obama Says Budget Deal Must Be Reached In 10 Days

Debt Ceiling Deadline Looms: Obama Says Budget Deal Must Be Reached In 10 Days

WASHINGTON -- President Barack Obama says he and Congress "need to" agree on a budget deal in 10 days in order to meet an Aug. 2 deadline to increase the nation's debt ceiling and avoid a potentially calamitous government default.