Obama Speaks On Debt Impasse As GOP Considers Bill Changes

Washington (CNN) -- Frustrated by continued delays in the House, President Obama urged Senate members Friday to reach a deal to increase the country's debt ceiling.

"We are almost out of time," he said.

Republican leaders in the House pulled their plan back from consideration on Thursday when it became clear they did not have the votes to pass it. GOP leaders will try to bring Speaker John Boehner's bill to a vote again by the end of the day.

But Obama said the bill being pursued in the House "does not solve the problem and it holds no chance of becoming law."

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