Pres. Obama describes debt talks "constructive"
By Sara Wyant
© Copyright Agri-Pulse Communications, Inc.
WASHINGTON, July 7 - President Barack Obama praised Thursday's bipartisan meeting with top congressional leaders as “very constructive” and said staff, as well as leaders, will be working over the weekend with plans to convene again Sunday.
At that point, he expects “the parties will at least know where each other's bottom lines are” and will be able to “start engaging in the hard bargaining that's necessary to get a deal done.”
The deal could save as much as $4 trillion over the next decade by making major spending cuts and overhauling the tax code.
“But, again, I thought that all the leaders here came in a spirit of compromise, in a spirit of wanting to solve problems on behalf of the American people. Everybody acknowledged that the issue of our debt and our deficit is something that needs to be tackled now. Everybody acknowledged that in order to do that, Democrats and Republicans are going to be required in each chamber.
The president is scheduled to meet with House Minority Leader Nancy Pelosi, D-Calif, on Friday morning.
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