Cuomo: Debt Ceiling Deal Will Be Worked Out Before Deadline
Thursday, July 28, 2011
Governor Andrew Cuomo said he remains hopeful that President Barack Obama and Congress will resolve their differences over the debt ceiling, and that a default that could harm New York and other states won’t occur.
Cuomo said he's not making contingency plans for New York State in case lawmakers in Washington, D.C., fail to raise the debt ceiling before the August 2 deadline because he thinks there will be an agreement ahead of time.
"I believe it will be worked out when it has to be worked out," Cuomo said. "Because the deadline forces resolution."
Cuomo refused to be drawn into national politics, saying he's not assigning "blame" to any of the factions in the dispute.
The governor’s comments come one day after State Comptroller Tom DiNapoli began expressing concern about potential damage to the state’s massive pension fund, and the tightly balanced state budget, if there’s a federal debt default.