Cornyn: Short Term Debt Limit Hike May Be Needed

The Hill reports:

A short-term debt-ceiling extension might be necessary, Sen. John Cornyn (R-Texas) suggested Tuesday, in light of an impasse between Republicans and Democrats over compromising on a long-term extension.

Speaking on local Dallas KRLD radio station, Cornyn echoed a suggestion former President Clinton made this weekend when he said that if lawmakers can't agree on a permanent extension, President Obama should seek to pass a shorter debt-ceiling extension that would last for six or eight months.
"I think that's more likely than not at this point because we're basically running out of time," Cornyn said, "because the House has to pass it as well as the Senate and really we're coming up against an Aug. 2 deadline, so it may be we'll get sort of a mini-deal as President Clinton said, but really we need to deal with the problem as a whole and that means not just kicking the can down the road which is what a mini-deal would be."