WH: Not Raising Debt Ceiling Holds 'Full Faith And Credit' Of US 'Hostage To An Ideological Agenda'

Jay Carney: “Nobody in their right mind would want to go through what we went through last summer — summer of 2011 — where holding the full faith and credit of the United States hostage to an ideological agenda proved disastrous to our economy and especially to the American people and the middle-class. That political strategy resulted in significant drop in consumer confidence — it had a series of negative effects on the economy.”