Via Washington Examiner:

[W]hite House spokesman Jay Carney said Wednesday that Obama is not prepared to make concessions when it comes to raising the debt ceiling.

“He will not negotiate on Congress’ ability to pay the bills that Congress has racked up,” he said. “…This is not something to be trifled with – it is not something to be horse-traded over.”

Carney said the failure to raise the nation’s borrowing limit would unnecessarily hurt the economy.