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Cuomo hopeful debt ceiling issue will be resolved in time

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Governor Andrew Cuomo says he remains hopeful that President Obama and Congress will resolve their differences over the debt crisis, and that a default that could harm New york and other states won't occur.

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Reported by

Karen DeWitt
NYS Capitol Correspondent

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Governor Cuomo says he’s not making contingency plans for New York state in case lawmakers in Washington fail to raise the debt ceiling, because he says he thinks there will be an agreement before August 2nd.

“I believe it will be worked out when it has to be worked out,” said Cuomo. “Because the deadline forces resolution.”

Cuomo refused to be drawn into national politics, saying he’s not assigning “blame” to any of the factions in the dispute.

The governor’s comments come one day after State Comptroller Tom DiNapoli began expressing concern about potential damage to the state’s massive pension fund and the tightly balanced state budget, if there’s a federal debt default.

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