Obama, lawmakers still divided over debt deal - WAOW - Newsline 9, Wausau News, Weather, Sports

Obama, lawmakers still divided over debt deal

WASHINGTON (AP) -- President Barack Obama and congressional leaders are grasping for a deal on the nation's debt. But they remain divided over the size and the components of a plan to reduce long term deficits.

   In an effort to work out an agreement over the next 10 days, the president and lawmakers agreed to meet again Monday.

   Obama is also seeking to use the power of his office to sway public opinion. He has scheduled a news conference for Monday morning.

   Officials familiar with Sunday evening's meeting say Obama pressed the eight House and Senate leaders to continue aiming for a massive $4 trillion deal for reducing the debt. But there appeared to be little appetite for such an ambitious plan and the political price it would require to pass in Congress. Instead, House Speaker John Boehner told the group that a smaller package of about $2 trillion to $2.4 trillion was more realistic.

   The officials spoke on the condition of anonymity to describe the private meeting and because of the sensitivity of the negotiations.

Powered by Frankly