“I regret that both sides have taken positions that make it very difficult now to get to where we need to be,” said Hubbard, who is now dean of Columbia University’s Graduate School of Business in New York.
He said it was “irresponsible” for the president to refuse to negotiate over an increase in the borrowing cap.
Holtz-Eakin said much the same. “The idea that he’s not going to negotiate is ludicrous,” the American Action Forum president said. “He is going to negotiate and I would encourage him to start sooner rather than later.”