Picture of the week![]() On the White House South Lawn, members of the military and their families listen to President Obama make remarks on the Truman Balcony in honor of their service and the United States' 235th birthday. Working weekend![]() President Obama said Thursday he will hold a second meeting with congressional leaders Sunday to continue negotiations on a deficit reduction deal. The first meeting involving Obama, Vice President Joe Biden and eight congressional leaders from both parties lasted 90 minutes Thursday. Obama added he will conduct Sundays meeting "with the expectation being that at that point the parties will at least know where each other's bottom lines are" and the hard negotiating can begin. Debt ceiling talks![]() The latest meeting between the White House and Congressional leaders has officially begun and for the first time, cameras were let in. Well, they were let in at the top of the meeting and for only 37 seconds while the president and Sen. Jon Kyl (R-AZ) and other leaders engaged in small talk over the sandstorms in Arizona. We'll have to wait until this afternoon for the White House briefing to hopefully get an official readout of the talks. Deficit reduction deadline looming![]() Washington (CNN) - The President and Speaker Boehner have discussed a potential compromise that includes broad tax reform and entitlement reform, putting all three entitlement programs (Social Security, Medicare and Medicaid) on the table, according to a Republican source familiar with negotiations. The tax reform proposal discussed is to reduce the individual and corporate rates and simplify the tax code, eliminating deductions/credits/loopholes that corporations and individuals currently use to vastly reduce what they pay in taxes. This broad reform might appeal to Republican critics like Sen. Minority Leader Mitch McConnell who warned against “cherry-picking” certain tax loopholes to close instead of dealing with them separately as part of a comprehensive approach to tax reform. The Republican source also stresses there has been no offer, no deal and this is just a discussion between the President and Speaker, and does not expect any agreement to come out of talks today. The President's Schedule![]() Today is the first meeting between the president and the congressional leadership on debt ceiling and deficit reduction. 9:30AM THE PRESIDENT and THE VICE PRESIDENT receive the Presidential Daily Briefing Oval Office Closed Press 10:00AM THE PRESIDENT meets with senior advisors Oval Office Closed Press 11:00AM THE PRESIDENT and THE VICE PRESIDENT meet with Congressional Leadership Cabinet Room Pool Spray at the Top 3:35PM THE PRESIDENT participates in an Ambassador Credentialing Ceremony Oval Office Closed Press |
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