Here’s a running transcript of President Obama’s remarks on raising the debt ceiling at a news conference on Jan. 14, 2013. Remarks are being updated as they become available.
PRESIDENT OBAMA: Please have a seat everybody. Good morning.
I thought it might make sense to take some questions this week, as my first term comes to an end. It’s been a busy and productive four years, and I expect the same for the next four years. I intend to carry out the agenda that I campaigned on -- an agenda for new jobs, new opportunity, and new security for the middle class.
Right now, our economy is growing and our businesses are creating new jobs. So, we are poised for a good year if we make smart decisions and sound investments, and as long as Washington politics don’t get in the way of America’s progress.
As I said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. And for nearly two years now, I’ve been fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade.