Obama Seeks Congress Members’ Verdict on Debt-Cutting PlansFriday, July 15, 2011 @ 1:32AMPresident Barack Obama told congressional leaders to report to him within two days on what debt-limit options their members can support, Democratic and Republican officials said after today’s negotiating session.
Democrats Weigh Adding Spending Cuts to McConnell Debt PlanThursday, July 14, 2011 @ 10:02PMSenate leaders from both parties are discussing backup options to avert a U.S. default by adding spending controls to a plan that would grant President Barack Obama unilateral power to raise the debt limit.
Democrats May Add Spending Cuts to McConnell Debt PlanThursday, July 14, 2011 @ 8:25PMSenate Democrats are considering an option to avert a U.S. default by including spending cuts in the Senate Republican leader’s plan that would in effect give President Barack Obama unilateral power to raise the debt limit.
Obama warns Republicans over debtThursday, July 14, 2011 @ 2:13AMWASHINGTON (AP) - President Barack Obama bluntly told Republican congressional leaders Wednesday that they must compromise quickly if the government is to avoid an unprecedented default, adding, marking an acrimonious end to a two-hour negotiating session at the White House that produced no evident progress toward a compromise.
Obama, Lawmakers Said to Focus on Spending Cuts in Debt TalksWednesday, July 13, 2011 @ 10:32PMPresident Barack Obama and congressional leaders are pushing ahead with deficit-reduction talks as some lawmakers in both parties express skepticism about a fallback plan by Senator Mitch McConnell to raise the debt ceiling.