Monday, July 25, 2011

President Obama to Address UNITED STATES on DEBT CRISIS - 25th July 2011

President Barack Obama will address the nation Monday night at 9:00pm ET on the subject of debt talks, the White House said. (02:00 BST)

The move was announced in a tweet by White House press secretary Jay Carney.

"POTUS to address nation, 9 pm tonight, re stalemate over avoiding default and the best approach to cutting deficits. Watch @ wh.gov/live.," he tweeted.

Obama, who will make his seventh address to the nation from the East Room of the White House, has asked for time from all four networks to discuss the current state of debt talks ahead of a looming deadline to raise the country's $14.29 trillion debt limit.

The president was due to speak on the same day that House Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) unveiled separate competing plans to help the country avoid a default by an Aug. 2 deadline. Source