Yet Democrats are hopeful some Republicans would vote across the aisle to prevent the potentially catastrophic economic repercussions of a default . NEW : Democratic senators propose debt ceiling hike through 2014 . Obama : ` ` I will talk about anything '' after debt ceiling hike , debate reopens . Obama says there will be no ` ` unconditional commitment '' by Republicans . Obama : Not raising the debt ceiling will lead to recession , worse .
NEW : Democratic senators propose debt ceiling hike through 2014 . Obama : ` ` I will talk about anything '' after debt ceiling hike , debate reopens . Obama says there will be no ` ` unconditional commitment '' by Republicans . Obama : Not raising the debt ceiling will lead to recession , worse .