July 29th, 2011
10:40 AM ET
According to a senior Congressional Democratic aide and two Congressional Republican aides while the Boehner bill was pending all day Thursday, there were *no* quiet negotiations toward a compromise solution between Democratic and Republican leaders on either side of the Hill. Per the senior Democrat, yesterday Senate Democrats were available to talk to House Republicans but Republican leadership was too busy vote counting to talk about next steps. A House Republican leadership aide puts it differently: there were no negotiations because leadership is committed to the Boehner bill not a compromise. On the Senate side, both the senate Democratic and Republican aides say to date, Senate Republican leaders have been unwilling to break with Speaker Boehner and cut a separate deal with Senator Reid.
Bottom line another day went by, no more progress toward a compromise.
July 27th, 2011
03:44 PM ET
Jay Carney did his best to instill continued urgency ahead of the August 2 debt ceiling deadline during the White House press briefing Wednesday:
Carney added that if the deadline did pass, the government would have to make difficult decisions about which financial obligations to honor.
Carney also reiterated the president is not for a deal that only raises the debt ceiling for a matter of months, contending that it will be more difficult to reach a deal during an election year than now.
July 26th, 2011
08:09 PM ET
When all of this started, President Obama- by choice- kept his distance, tasking Vice President Joe Biden instead to do his bidding with Congress. He eventually got very involved and was negotiating with Speaker Boehner for the last several weeks. Now his role has changed again as House Republicans try to eject the president from the conversation but can he really be sidelined?
July 25th, 2011
10:06 PM ET
President Obama's strongest words were directed at Washington's business as usual Monday night while urging both parties to come together on a debt deal:
In his seventh prime time televised address, Obama sought to increase pressure for congressional leaders to reach a deal that would allow the government to continue borrowing money pay its debts after August 2.
And the president singled out House Republicans for intransigence and said the political showdown is "no way to run the greatest country on Earth."
July 23rd, 2011
01:04 PM ET
Washington (CNN) - President Obama and Congressional leaders convened Saturday for less than an hour at the White House amid ongoing negotiations to raise the debt ceiling before the August 2 deadline. House Speaker John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi and Senate Minority Leader Mitch McConnell met with the president and Vice President Joe Biden in the Cabinet Room of the White House.
Read more here about the status of the talks.
July 23rd, 2011
10:25 AM ET
Washington (CNN) - President Obama encouraged members of both parties to find a balanced agreement to raise the debt ceiling ahead of the August 2 deadline. In his weekly address released Saturday, ahead of his meeting with Congressional leaders, Obama said the debate "boils down to a simple choice."
"We can come together for the good of the country and reach a compromise; we can strengthen our economy and leave for our children a more secure future. Or we can issue insults and demands and ultimatums at each another, withdraw to our partisan corners, and achieve nothing," Obama said. "We know the right thing to do. And we know what the American people expect us to do."
Read more here.
July 23rd, 2011
08:38 AM ET
After the breakdown of talks last night, President Obama has summoned the leaders to the White House on Saturday to continue to figure out a way to compromise for the debt talks. We'll see the beginning of the meeting when the travel pool goes into the Oval Office. Of course, the real discussions will begin once the cameras are kicked out. We'll see if there's any progress today and we'll keep you up on the latest details.
11:00 AM THE PRESIDENT and THE VICE PRESIDENT meet with Congressional Leadership Oval Office
Along with the president and vice president, the following are expected to attend:
Speaker John Boehner
Senator Harry Reid, Majority Leader
Senator Mitch McConnell, Republican Leader
Representative Nancy Pelosi, Democratic Leader
July 22nd, 2011
07:38 PM ET
So this happened Friday night:
Next up: an 11 a.m. meeting Saturday at the White House with congressional leaders of both parties.
Full transcript of Obama's press conference after the jump:
July 21st, 2011
05:01 PM ET
The White House has confirmed Democratic leaders from both chambers - Reid, Durbin, Pelosi, Hoyer - will meet with President Obama at 5:30 p.m. to discuss the latest negotiations surrounding the debt ceiling increase.