Obama Gives Lawmakers 24-36 Hours On Debt Debate: 'It's Decision Time'

[Tx4obama]

I don't know if this particular part has been posted on DU or not, so here it is.


Obama Gives Lawmakers 24-36 Hours On Debt Debate: 'It's Decision Time'

SNIP

As the Aug. 2 debt ceiling deadline approaches, Obama and congressional leadership from both parties met for their sixth straight day of talks. There were no verbal altercations between the president and House Majority Leader Eric Cantor (R-Va.), as there had been the day before. In fact, multiple Democratic sources relayed that Cantor barely spoke.

"The meeting was mostly a presentation by the administration, so several participants didn't talk, including Cantor and McConnell," explained a senior Republican aide.

Instead, the attending parties went through the four or so options that remain on the table, with respect to resolving the ever-winding debt ceiling saga. The president again pushed leaders to consider the biggest package possible, one that includes trillions in spending cuts, entitlement reforms and added revenues to help round out the deal. As part of the package he also called for lawmakers to include an extension of unemployment insurance (offset by cuts elsewhere) and the payroll tax cut -- two of his top domestic priorities.

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http://www.huffingtonpost.com/2011/07/14/obama-decision-time-debt-debate_n_899443.html