The debate we won't be having is whether or not the debt ceiling should be raised. We will not have a situation where people will hold the American economy hostage in order to achieve a specific agenda - at least not until 2013. So we think that is incredibly important as a matter of economic good.

Bush and was one of a handful of reporters who were aboard Air Force One with President Bush on September 11 2001. Carney later won the 2003 Gerald R. with their son and daughter.

Carney previously served as Washington Bureau Chief for Time magazine a post he held from September 2005 until December 2008 and as a regular contributor in the "roundtable" segment of ABC News' This Week with George Stephanopoulos. James "Jay" Carney (born May 22 1965) is President Barack Obama's second White House Press Secretary.