At his January 14 press conference, in response to a question from Major Garrett of CBS News and the National Journal about raising the federal government's debt limit, currently at $16.394 trillion, President Barack Obama said: "I’m not going to have a monthly or every-three-months conversation about whether or not we pay our bills."
On Wednesday, a Fox News dispatch to which the Associated Press contributed reported that House Republicans hope to pass a bill on Wednesday which would "allow the government to keep borrowing through May 18," but that "Democrats have generally reacted coolly to the three-month extension" beyond February 18, when the government is currently expected to hit the ceiling. Despite all of this, Jim Kuhnhenn, AP's White House and politics reporter at its Washington bureau, called the House's move a "retreat," with his Tuesday morning story's headline claiming: "Obama stands his ground." Really (bolds are mine throughout this post):