Focus of debt talks to narrow without deal by Friday, White House says
July 14th, 2011
05:50 PM ET
3 years ago

Focus of debt talks to narrow without deal by Friday, White House says

Washington (CNN) – President Barack Obama and top congressional leaders met for a fifth straight day Thursday as the White House said the negotiators will have to shift their focus to increasing the federal debt ceiling if they fail to make significant progress by Friday toward a comprehensive deficit reduction deal that would cut spending and raise taxes.

White House spokesman Jay Carney told reporters the same thing Obama said at the talks the day before - Friday is the deadline to decide whether a broad agreement on debt reduction is feasible at this time.

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Filed under: Debt • Deficit • Eric Cantor • President Obama
soundoff (16 Responses)
  1. ConservaFASCISTS/Domestic Terrorists/Taliban/Al Queda/TRAITORS

    These negotiations go to show that Weeper boehner has no control over his party whatsoever. Eric Cantor is underminig him and making him look like a fool. I bet over their golf game, the President and the Weeper discussed these negotiations turning out this way and they probably have a contingency plan in place.

    July 14, 2011 10:47 am at 10:47 am |
  2. Rick McDaniel

    Let's face it. Obama is maneuvering to continue his runaway spending, and the GOP is committed to stopping it. That means total deadlock, and no solution is possible.

    That simply means no one is willing to move to center, on anything. The country is going down the tubes, period.

    July 14, 2011 10:48 am at 10:48 am |
  3. Vernon

    Obama "Don't call my bluff", "I will not yield", "I don't care if I loose my Presidency over this, I'm not going to agree" - sounds like Obama won't compromise. That means it's on him now. Shame he's so stubborn.

    July 14, 2011 10:49 am at 10:49 am |
  4. John, PA

    Political wrangling – no; that's normal. Obama and the Democratic party are the worst thing for Washington!

    We are being "Weinered" by Obama and all of the Democrats in Congress.

    "Weinered" = represents exactly what Obama and the Democrats in Congress are – LIARS. The Democrats will stand there and lie thru their teeth to achieve their agenda, no matter what it costs or affects.

    July 14, 2011 10:49 am at 10:49 am |
  5. Steve, New York City

    While I believe that there are "good, honest" elements within the Tea Party that truly want to cut spending (without increasing taxes), I can't help but feel that some on the right are WAY MORE EAGER to see this president fail, than to help Washington reach some common ground on the country's desperate budget woes. I truly hope that these folks are not putting their biases, ahead of country (but then again, many of these guys would prefer to listen to rich lobbyists, rather than to the voice of the American people – and those are two different voices)!

    July 14, 2011 10:53 am at 10:53 am |
  6. Four and the Door

    Obama called for Republicans to compromise on either their insistence that a debt-ceiling hike must be matched dollar-for-dollar by spending cuts or on their opposition to any kind of tax increase, Cantor said.
    __________________________________________________________________________________________________
    I knew Obama would be fighting spending cuts. It is really odd in this situation that he does not understand that they need to happen, but he lost touch long ago and reality will not hit until 2 years from now when he is sitting at home in Chicago figuring out what just happened.

    July 14, 2011 10:55 am at 10:55 am |
  7. RUsurprised

    Our President should stop the bully tactics immediately. Also, using senior citizens has human shields to protect his presidency is a sign of a failure of his ability to lead this country to greatness- like other dictators.

    July 14, 2011 10:58 am at 10:58 am |
  8. Peter s

    Mr. President don't bend for this Republican goons! the public is with you and we expect to do the right thing for the country not for the lobbyist.

    July 14, 2011 11:12 am at 11:12 am |
  9. B

    The Republicans will make as much political Hay with this right up until the last minute. The problem is, that might be too late.

    They will risk this country to gain some political ground with their radical base.

    It these people were in the private sector with this behavior, they would lose their jobs!
    They should in 2012.

    July 14, 2011 11:14 am at 11:14 am |
  10. Bill from GA

    Good ol' mitch: "the United States must avoid a default that would be "bad for Republicans."" Aren't you people who elected mitch proud to have such an honest man?? He doesn't even pretend to care about the USA, or the voters.

    "bad for Republicans"

    Oh, yeah, and lets not forget that we must make sure "Obama is a one-term president". Keep the priorities straight.

    And to all the repugs who made him your Senate leader, you are no better.

    July 14, 2011 11:21 am at 11:21 am |
  11. Bill from GA

    And "Cantor told reporters that "no one wants to rattle the markets.""

    WHAT ABOUT THE USA?? The people? Our exemplar standing in the World?

    "no one wants to rattle the markets"

    Any question about who the repugs work for?

    July 14, 2011 11:24 am at 11:24 am |
  12. Four and the Door

    B
    They will risk this country to gain some political ground with their radical base.
    ___________________________________________________________________________________
    Radical base saying not to raise taxes?!?! Okay then, include in that radical group Larry Sumner, Obama's Chief Economic Advisor in December who said the same thing.

    July 14, 2011 11:34 am at 11:34 am |
  13. sara

    "This kind of Gop induced "Corporate Thuggery" is a "Tradgedy in America". The Teaparty "Lunacy" and Hatred has got to stop! I honestly am starting to think that this "Movement" is trying to insight violence in America.??? In my 50 yrs, "I,ve always voted down Republicans,"But I never would have "Imagined" this kind of "Birthier" type Hatred, Racism,and "Stealing from "Hard working Americans,just trying to survive???? Cutting healthcare and education for our children,our poor and middleclass,make me sick to my stomach! Stay tough,Mr. President, your re-election is a " Bright light at the end of this Gop Nightmare. If it is still America,when their done"That is?

    July 14, 2011 11:36 am at 11:36 am |
  14. masgap

    The President wants to cut spending...repeat cut spending.....The debt ceiling is to pay our bills....you know the unfunded Irag war, the tax cuts for the rich and the process of de-regulation of the home markets....ALL OF THESE WERE THE RESULT OF REPUBLICANS AND BUSH OVER THE YEARS....3 TO 1 MARGIN WAS AVAILABLE!!!No give in Mr President. The people of this country are behind you and we will vote the Republicans soon!!!!

    July 14, 2011 11:47 am at 11:47 am |
  15. Dominican mama 4 Obama

    Do not capitulate Mr. President! The GOTP is trying, yet again, to un-validate our vote for you, and you by extension.
    NEVER before in the history of this country has this come to pass, but now that you are our duly elected President it is more important for themto fulfill their ONE goal, that beign to make you a one-termer.
    They have no other goal but to see you out the door in 2012 and if that means imploding the country then so be it.
    Hold firm sir, this too shall pass.
    Obama 2012

    July 14, 2011 11:48 am at 11:48 am |
  16. Dominican mama 4 Obama

    "And he said to me, 'Eric, don't call my bluff.' He said 'I'm going to the American people with this,'" Cantor quoted Obama as saying.
    -------------------------------------------------–
    RIGHT THE HELL ON MR. PRESIDENT, RIGHT ON!!!!
    You are right no other President would be made to sit through their bullcrap. It is personal for them sir. They don't care about God and country, they care only for themselves, their pockets and their Big Business pupett masters.
    Bring it to the American people sir. Oust the domestic terrorists. They have been operatiing under cover counting on your sense of discretion and dignity not to let YOUR country know what they are really about.
    Call them to the mat, you have NOTHING to lose and only the support of rational Americans to gain. Americans, by the way, that have seen and suffered the treatment that these disrespectful eejits have heaped on you as soon as you became the President-elect. We've been waiting to see you go off on them, or at least giving them a little of what they've been so blatantly dishing out to you. The day has finally come.
    We Americans stand with you Mr. President.
    Let 'er RIP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Obama 2012

    July 14, 2011 12:04 pm at 12:04 pm |