Thursday, July 21, 2011

President, GOP leaders in secret talks on deficit deal

WASHINGTON -- In secretive endgame negotiations, President Barack Obama and House Republican leaders reached anew on Thursday for an elusive grand bargain deal to cut deficits by $4 trillion or more and prevent a threatened Aug. 2 government default, officials said.

House Speaker John Boehner, R-Ohio, said his rank and file generally stood ready to compromise in order to reach an agreement as a way of "getting our economy going again and growing jobs." Obama, in a newspaper opinion piece, said the talks provided an "opportunity to do something big and meaningful." Read More...


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