Live-blogging President Obama’s debt speech
President Obama is set to deliver remarks on the ongoing debt ceiling negotiations at 9 p.m. eastern time tonight, the fourth time in the last two weeks that he has taken to the bully pulpit to urge a compromise before the nation defaults on its loans on Aug. 2.
Obama’s remarks will come just hours after House Republicans and Senate Democrats unveiled two different — although, according to the Post’s Ezra Klein, potentially reconciliable — plans to pass a debt ceiling increase sometime before next Tuesday.
It will be the first time the president has spoken publicly since an angry press conference Friday in which he scolded House Speaker John Boehner and congressional Republicans for their alleged intransigence on a compromise deal.
We’ll bring the whole shebang to you live. Our live-blogging of the proceedings — including Boehner’s planned response after Obama finishes— is below.