(CNSNews.com) – A Republican bill that would raise the nation’s debt limit in two stages “has no chance of becoming law,” President Obama said Friday, as he stepped up to the White House podium to urge a “bipartisan” solution.

Obama said there are “multiple ways” to resolve the debt limit problem.

He singled out the Reid plan and the McConnell plan, neither of which were set down in ink as of Friday morning...