Party Plans on Hold for Debt Resolution

By Eliza

Jul 14, 2011 1:07pm

ap obama debt sc 110714 wb Party Plans on Hold for Debt Resolution

ABC News' Ann Compton (@AnnCompton) reports:

August 2 is the date the US risks defaulting on its good faith and credit.  August 4 is President Obama’s landmark 50th birthday.

And August 3 is on hold for Presidential travel.

It is the night that the Obama 2012 campaign has planned a splashy fundraising celebration in the President’s hometown Chicago. The historic Aragon ballroom on the north side of the city is booked for a concert and party.  The Chicago Sun Times, which was the first to report on the event, says Jennifer Hudson may be lined up to perform.

But senior White House officials tell ABC News the party would go forward only if the deficit negotiations and deadline to raise the debt limit ceiling have been resolved. 

Meanwhile, campaign aides are pitching free tickets to the bash as part of a sweepstakes for grassroots supporters.

Obama backers who sign up 50 new volunteers for the campaign by July 28 – a challenge the campaign calls “50 for 50” – will be entered for a chance to win round-trip airfare to Chicago, hotel accommodations and entry to the party.   The package deal is valued at $1,050, according to the sweepstakes website.  

ABC News’ Devin Dwyer contributed to this report.

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