The president assured the chancellor that the United States is not monitoring and will not monitor the communications of the chancellor.

Raising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up.

And it's important to remember we are all responsible - or certainly the elected members in Washington of both parties are responsible for making decisions and choices to ensure that the economy grows and jobs are created.

The Affordable Care Act reduces the deficit considerably. I would simply point out to you that the Supreme Court has spoken, the American people have spoken, congressional leaders of both parties have spoken, and we're going to continue with implementation.

I`m going to work night and day to make sure that Americans get the tax relief that they need and deserve, and that our economy needs and deserves.

I think we ought to all take a step back and remember where we were 24, 48 hours ago, a week ago, two weeks ago - the prospect that was hanging out there that America would not honor its obligations for the first time in its history, and the impact that would have on our economy and the global economy.

Children should not be used as pawns in a political fight.