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Roe sees no break in debt ceiling stalemate

July 15th, 2011 5:34 pm by Staff Report

KINGSPORT — U.S. Rep. Phil Roe didn’t see a way out of a debt ceiling talks stalemate between President Barack Obama and House GOP leaders on Thursday.
“It looked like both sides were painted in a corner. There’s no way out except walking through the paint,” Roe, R-Tenn., said of the talks in a conference call with reporters.
Both sides are pushed up against an Aug. 2 deadline set by the U.S. Treasury to raise the federal government’s $14.3 trillion debt ceiling or default on its legal obligations.

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