White House: GOP debt cap proposal 'encouraging' (video)

Credit: MGN Online

White House: GOP debt cap proposal 'encouraging' (video)

October 10, 2013 Updated Oct 10, 2013 at 4:01 PM CDT

The White House said House Speaker John Boehner's proposal for a short-term deal to increase the nation's borrowing limit is an "encouraging sign," though spokesman Jay Carney said President Obama prefers a longer-term agreement.

Watch the video below to find out more.