Debt Ceiling Debate Update
President Barack Obama gave lawmakers 24 to 36 hrshours to finalize the route ahead for raising the debt ceiling during the most recent high-stakes White House meeting on Thursday.
“It’s decision time,” the president told attendees, according to the notes of a Democratic official. “We need concrete plans to move this forward.”
Because the Aug. 2 debt ceiling deadline approaches, Obama and congressional leadership from each parties met for their sixth straight day of talks. There have been no verbal altercations amongst the president and House Majority Leader Eric Cantor (R-Va.), as there had been the day ahead of. In fact, numerous Democratic resources relayed that Cantor barely spoke.
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