Pelosi Statement Following President Obama's Press Conference

Washington, D.C. - Democratic Leader Nancy Pelosi released this statement following President Obama's press conference:

"Speaker Boehner's ‘adult moment' is long overdue.

"Our economy, our children's education, our seniors' security and our nation's fiscal soundness require that we act without further delay.

"Democrats have been prepared to support President Obama's call for a grand bargain, which enables us to create jobs, protect Social Security, Medicare and Medicaid beneficiaries.

"We are prepared to compromise consistent with our values, but we will not accept a short-term extension that compromises our economic security."