Friday, July 15, 2011

More Debt Talk

The usual suspects had another session at the White House yesterday.

President Obama told congressional leaders at their latest debt-limit meeting that they must come to an agreement on the way forward by early Saturday morning or else they will be called back to the White House this weekend, aides from both parties with knowledge of the meeting said Thursday evening.

At a meeting that lasted 80 minutes, congressional negotiators and the White House finished their review of the work done by a group led by Vice President Biden, said the aides, who were not authorized to speak publicly about the meeting.

At the end, Obama told the bipartisan leaders that, over the next 24 to 36 hours, he wanted them to indicate a path forward that would be able to pass both chambers.

No White House meeting is set for Friday. Instead, leaders are expected to go to their rank-and-file members to discuss the negotiations.

Thursday’s meeting ended at 5:43 p.m. Shortly afterwards, the White House announced that Obama would hold a news conference at 11 a.m. Friday.

There were no reports of temper tantrums or up-getting and out-walking; apparently Eric Cantor kept his mouth shut the entire time.