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Still far apart: Despite a looming deadline and mounting pressure to “get it done,” President Obama yesterday said he was not interested in any temporary “stopgap” solution to the debt ceiling problem.”That is just not an acceptable approach. So we might as well do it now. Pull off the Band-Aid.” Although the president wouldn’t get into specifics, it was clear that Social Security reforms are still on the bargaining table. … What happens if Congress fails to raise the debt …
Still deadlocked, despite Sunday night meeting. With three weeks to go before the government can no longer borrow money to meet its obligations, President Obama and Congressional leaders are still without an agreement on how to raise the nation’s debt ceiling limit.
President Obama rallied Congress yesterday to get back to work on a debt ceiling deal. Last week, I posted a hypothetical from the Bipartisan Policy Center on what could happen to Social Security if lawmakers don’t make the August 2 deadline.