In what was described as tense and dramatic Wednesday evening meeting on the debt ceiling, President Obama repeatedly clashed with Majority Leader Eric Cantor (R-VA) while giving both sides a Friday deadline on whether to go for a long-term reduction in deficit-spending or find a way simply to avoid a default.At one point, Cantor pushed for a short-term extension of the Aug. 2 deadline for Congress to raise the nation’s borrowing rate, a request Obama shot-down, according to a Democrat familiar with the discussions. He also told the group of Congressional leaders that they can’t accomplish anything if everyone keeps sitting in their own corners refusing to budge and move beyond their political comfort zones.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=109560