Obama Meets with Democrats as Crisis Deepens

Sunday, 24 Jul 2011 05:04 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — President Barack Obama will 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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Teen Pot Use Linked to Disability Later in Life

Wednesday, 20 Aug 2014 16:14 PM

A long-term study of Swedish men finds that those who smoked marijuana at age 18,especially the heaviest users, were mor . . .

NY Fed Surveys: Businesses Say Obamacare Raises Costs

Tuesday, 19 Aug 2014 13:51 PM

Two surveys conducted by the New York Federal Reserve Bank in its jurisdiction area show that Obamacare is increasing th . . .

Education Poll: 60 Percent Opposed to Common Core

Wednesday, 20 Aug 2014 17:59 PM

National education standards are losing the support of skeptical Americans, with 60 percent opposed to the Obama adminis . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved