By The White House
James S. Brady Press Briefing Room
1:52 P.M. EDT
MR. CARNEY: I'm here to take your questions, traditional briefing. I would understand if folks need to go file — that’s fine. And I leave it to our friends in the front row to tell me how brief we can keep this.
Q Yes, keep it short.
MR. CARNEY: Keep it short.
MR. CARNEY: Let me go to Julie.
Q I guess just to start off, can you tell us a little bit about the process of having that — said remarks happen? Why did the President decide to do it now at the end of the week, almost a week after this verdict?
MR. CARNEY: I'll just say a couple of things, because the process is far less important than the words the President spoke. And he wanted to say something and he came out and said it, and he's obviously mindful of the discussions that have been going on.
I think some of us had discussions earlier this week that when — he was certainly prepared to take questions on this issue when he had some interviews earlier in the week, and would have answered them in probably similar fashion. But he felt like today was a good day to speak about it.
Q And then just on Detroit, the Vice President said in his event earlier today that there have been some meetings at the White House on the situation there. Is there any type of federal response or federal assistance that the White House deems appropriate in this situation?
MR. CARNEY: You have heard leaders in Michigan say — and we believe they're correct — that this is an issue that has to be resolved between Michigan and Detroit and the creditors, when it comes to the insolvency of the city.
Now, we are, of course, engaged in conversations with — about policy options and other ways that we can be of assistance to Detroit, and that includes Gene Sperling, and Valerie Jarrett, and Shaun Donovan, the Secretary of Housing and Urban Development — all of whom have had discussions with the leadership team in Detroit and with leaders in Michigan.
But on the issue of insolvency and on those matters, that’s something that local leaders and creditors are going to have to resolve. But we will be partners in an effort to assist the city and the state as they move forward.
Q Is there any talk of a bailout for Detroit?
MR. CARNEY: I think, again, I would point you to what we have said and what leaders in Michigan and Detroit have said, which is that on the matter of their insolvency, that’s something for the city and the creditors to resolve.
Q And how worried are you about the overall impact of this on the U.S. economy?
MR. CARNEY: Well, I don’t have
Source: FULL ARTICLE at The White House Press Office