“This weekend, we offered the President a bipartisan proposal to avoid default so we could have the time we need to put together a serious plan for getting our house in order, and he rejected it out of hand. Not for economic reasons. But, as he put it, `to extend this debt ceiling through the next election.’ Time is running out. And with all due respect to the President, we have more important things to worry about than getting through the next election…I would suggest that the President reconsider their offer rather than veto the country into default.”