The Hill News

Rep. Ron Paul (R-Texas) and the White House’s chief economic adviser agree on at least one thing: The nation’s debt ceiling will be raised.

Congressional leaders are likely to strike a deal by August that will increase the federal debt ceiling, Paul and Austan Goolsbee, chairman of the White House Council of Economic Advisers, said during separate appearances on two Sunday morning talk shows.

Negotiations over a deal that would allow the federal government to keep borrowing money beyond early August probably “will come down to the wire,” but congressional leaders will “get it done,” Paul said on CNN’s “State of the Union.”

On ABC’s “This Week,” Goolsbee expressed optimism that the debt ceiling will be increased. His prediction is based on comments from leaders in both political parties that they “don’t want to go right to the brink.”

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