Barack Obama actually said...

Today I'd like to speak with you about the ongoing and urgent efforts to avoid a first-ever default and get our fiscal house in order.

We need to reach a compromise by Tuesday so that our country will have the ability to pay its bills on time.

The bill would increase the debt ceiling to a level that will be sufficient for the Nation to meet its obligations through the beginning of ...

The full faith and credit of the United States be preserved.