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Tags: Debt Showdown | Obama

Obama Calls Meeting With Reid, Pelosi

Sunday, 24 July 2011 05:11 PM

President Barack Obama was to meet with the top Senate and House Democrats Sunday night amid the nation's deepening political standoff over the federal debt.

The White House said late Sunday afternoon that Obama had invited Senate Majority Leader Harry Reid and House Democratic leader Nancy Pelosi to the Oval Office.

Both parties are scrambling to come up with a plan to avert an unprecedented government default.

The nation will run out of borrowing power and will be unable to pay its obligations if the debt ceiling is not extended by Aug. 2.

House Republicans and Senate Democrats readied rival emergency fallback plans Sunday as bipartisan talks deadlocked. Congress and the White House are seeking ways to cut the deficit in tandem with expanding the borrowing limit.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Headline
President Barack Obama was to meet with the top Senate and House Democrats Sunday night amid the nation's deepening political standoff over the federal debt.The White House said late Sunday afternoon that Obama had invited Senate Majority Leader Harry Reid and House...
Debt Showdown,Obama
127
2011-11-24
Sunday, 24 July 2011 05:11 PM
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