President Barack Obama and top Congressional leaders are scheduled to meet again today to discuss a deficit reduction deal, after weekend talks failed to narrow the differences over the size and scope of the package. The president will also hold a news conference at 11 a.m. ET Monday to discuss the status of the debt talks.
Just a week earlier, both the President and Speaker of the House John Boehner, R-Ohio, appeared to be making headway on a package that would reduce the deficit by $4 trillion. But on Saturday, Boehner said such a deal would not be achievable because of the tax increases demanded by the White House.