Pelosi ‘Still Optimistic’ Debt Limit Deal Will Be Reached

July 8, 2011 - 8:04 PM

(CNSNews.com) – House Minority Leader Nancy Pelosi is “still optimistic” that a deal will be reached to increase the debt limit.

“I think that talking it through and people understanding more about what the possibilities are has been constructive and I’m still optimistic that we can find a place where we can come together,” she told reporters on Friday at the Capitol.

“I don’t like to have a situation where we’re saying, ‘well you need our votes so you better have this in the bill.’ No, this is a big deal. This is 10 years. This isn’t a 6-month CR. It’s a 10-year bill and we want to work together to have something that has bipartisanship; that has balance.”

The negotiations will continue on Sunday evening with President Barack Obama and congressional leaders.

"The sooner we get this done, the sooner that the markets know that the debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that will need in order to make additional investments to grow and hire," Obama said on Friday.

Nancy Pelosi

Rep. Nancy Pelosi of Calif. (AP Photo/Charles Dharapak)

Pelosi said House Democrats are standing as “firm as ever” behind her position on cuts to entitlement programs as part of a deal to increase the debt limit.

“No benefit cuts in Medicare and Social Security and we have serious concerns also about what is happening with Medicaid as well,” she said on Friday.