Obama Happy to See Cooler Heads Prevailing: Carney

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Oct. 10 (Bloomberg) –- Bloomberg’s Peter Cook reports on the White House reaction to the House Republicans’ offer of a short-term debt limit hike. He speaks with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

Responding to a new offer from republicans to end the debt ceiling standoff, temporarily.

Peter cook has more.

Any sense this one could work?

I would not call it a breakthrough just yet but the white house is at least encouraged by this offer from house republicans but not totally committed to it as the solution to the debt ceiling crisis.

They are choosing their words carefully.

The offer from house speaker john boehner root was revealed this morning.

It is a six-week increase in the debt ceiling and takes the crisis off the table for the moment but also prevents the treasury from making any more extraordinary moves to extend the borrowing authority beyond that time and there would be some sort of agreement, perhaps a gentleman's agreement, to sit down for rutter budget negotiations on the side.

-- to sit down for broader budget negotiations and on the side.

Jay carney chose his words or a carefully today.

The president is happy that cooler heads at least seem to be prevailing.

In the house.

There at least seems to be a recognition that default is not an option.

The president believes it would be far better for the congress and, in this case the house to raise the debt ceiling for an extended period of time.

A never closed the door shut on the president signing a short-term increase into law.

This is something the president will talk about with senate democrats when they meet at the white house at 1:45 p.m. eastern time.

They put a knock -- i also said the president would not necessarily agree to the budget negotiations while the government is still shut down.

That could be the stumbling block here.

Can this offer even passed the house?

That is a real?

. question mark.

The conservatives expressed some support for what john boehner is doing in this sense it bubbly would pass the house of john hammer -- john boehner brought it.

It's time for leadership.

It's time for these negotiations and this conversation to begin.

I would hope that the president will look at this as an opportunity and a good faith effort on our part to move halfway, halfway to what he has demanded in order to have these conversations begin.

Depending on how the conversation goes with the white house, house republicans and the president will meet and we could see this proposal on the floor of the house as soon as tomorrow.

Thank you.

You can catch peter cook again at 2 p.m. eastern, he will be him live with wyoming senator john barasso, the policy committee chair and he will get his take on this house offer.

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