Debt limit talks breaks down; no deal reached as deadline draws near
Congressional leaders returned to the White House Saturday, meeting for less than an hour at the start of a last-gasp round of negotiations with President Barack Obama
to avert a government default on the nation’s debt.
The meeting was brief, starting at 11:09 and ending by 11:58, and there was no immediate sign that the parties had resolved their differences.
Obama and the leaders are expected to work through the weekend to strike a deal to raise the debt limit
before the Aug. 2 deadline after talks on a large budget deal collapsed.
“Leaders discussed the urgency of finding a path forward this weekend,” a Senate Democratic aide said, adding that Republican and Democratic staff would huddle over the next two days.
Following a stunning breakdown in efforts to reach a $3 trillion, 10-year agreement to cut the deficit, the challenge for Obama and House Speaker John Boehner
(R-Ohio) will not just be devising a legislative strategy to push a debt limit increase through a resistant Congress, but repairing the bruised relationships
that received a very public airing Friday.
Read more: Talks resume - briefly - at W.H. - Carrie Budoff Brown - POLITICO.com