Default Talks - Angry Tones from All Perspectives

U.S. PRESIDENT BARACK OBAMA
White House Photography by Chick Kennedy, July 23, 2011.
President Obama discusses the urgency of Democrats and Republicans coming together to take a balanced approach to cutting the deficit to strengthen our economy and secure our future.
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THEWHITEHOUSESPIN.COM
_____________________________________________WASHINGTON
"OPEN NEGOTIATIONS BUT CLOSED MINDS"
Posted by Karen Ann Carr
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WASHINGTON- Last night, July 22, 2011 President Barack Obama held a meeting to move the negotiations forward.
President Obama met with his Congressional caucus during the week. Today, President Obama met with members of both parties. Parties present at the meeting today included Leader Reid, Leader McConnell, Speaker Boehner and Leader Pelosi.
It is being reported that the meeting ended with anger on both sides of the debate.
President Obama held a press conference late last evening to update the press on the ongoing budget negotiations. The U.S. government's economic house is not in order.
Frustrations have continued to rise. Unfortunately, last week President Obama walked out of a meeting to resolve the deficit issue. "Unfortunately, last night Speaker Boehner walked away from the negotiations," the White House said. President Obama reportedly said, "If you want to be a leader, then you got to lead."
Hammering out a deal to ensure that Congress acts to prevent an American default on obligations seems elusive. Reducing the American financial deficit is also eluding view.
Statement from the U.S. White House Press Secretary
"The President and Vice President met with Speaker Boehner, Leader Pelosi, Leader Reid and Leader McConnell in the Cabinet Room to discuss options for ensuring that the debt ceiling is raised and the United States does not default on its obligations for the first time in its history. The President restated his opposition to a short-term extension of the debt ceiling, explaining that a short-term extension could cause our country’s credit rating to be downgraded, causing harm to our economy and causing every American to pay higher credit cards rates and more for home and car loans. As the current situation makes clear, it would be irresponsible to put our country and economy at risk again in just a few short months with another battle over raising the debt ceiling. Congress should refrain from playing reckless political games with our economy. Instead, it should be responsible and do its job, avoiding default and cutting the deficit. The meeting lasted approximately one hour. The leaders agreed to return to Capitol Hill to talk to their members and discuss a way forward, and conversations will continue throughout the day."


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