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(Image from article: "Parties agree to debt-ceiling deal, pending votes in Congress")

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White House meetings find little give on debt standoff

White House meetings find little give on debt standoff

President Obama meets with Senate leaders, but no one wants to back away from tough stances on taxes. Debt-reduction talks between congressional leaders and the White House entered a crucial phase Monday, with no clear framework for resolving the deadlock over taxes and spending and a deadline for a potential federal default fast approaching.

 

Reid rejects Boehner proposal for $2 trillion in spending cuts

The Senate majority leader says budget reductions must be accompanied by tax reform. He predicts that negotiations on the nation's debt limit will drag until the 11th hour. Senate Majority Leader Harry Reid (D-Nev.) says tax loopholes must be addressed ...

 

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