Obama likely to back Republican plan to slash $4B in two weeks

The White House on Monday offered tepid support for a two-week continuing resolution (CR) winding its way through Capitol Hill that would prevent a government shutdown.

But White House press secretary Jay Carney told reporters that while President Obama would likely support the proposed CR, the president is wary of getting into "repeated cycles of debate" about it.

Carney warned that debates over government spending for 2011 every two weeks "will be bad for the economy because of the uncertainty it creates."

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Carney also said that the guiding principle for budgeting should be cutting spending without hurting the fragile economic recovery.

"That would be the worst possible outcome," Carney said. 

Carney said the White House remains engaged with lawmakers at the staff level, but he said the administration is mindful that there is a process on Capitol Hill playing out.