DEBT CEILING -- October 7, 2013 at 11:40 AM ET
FROM THE WIRE: Senior Obama economic adviser says longer-term deal on debt limit is better
The Associated Press reports that, when asked if a two- or three-week extension of the debt limit would be a viable alternative for the White House, National Economic Council Director Gene Sperling said a long-term extension would be better.
"Longer is better for economic certainty and jobs, but it is ultimately up to them," Sperling said, speaking at a Politico breakfast Monday.
Speaking at a Politico breakfast Monday, Sperling also said that the size of the increase is up to Congress and that President Barack Obama still refuses to negotiate on the debt.