Sunday, April 24, 2011

Rubin, O’Neill Say Debt Ceiling Should Be Separate From Budget

Rubin, O’Neill Say Debt Ceiling Should Be Separate From Budget - Businessweek

April 24 (Bloomberg) -- Raising the U.S. national debt ceiling shouldn’t be an issue in negotiations over the federal government budget, two former Treasury secretaries said.

Robert Rubin, Treasury secretary under Democratic President Bill Clinton, and Paul O’Neill, who held the post under Republican President George W. Bush, spoke in an interview on CNN’s “Fareed Zakaria GPS” scheduled to air today.

“The debt ceiling should never be part of the budget negotiations,” Rubin said, according to a program transcript. Asked if he agreed, O’Neill replied, “Absolutely.

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