Top Talker: President Obama says it’s decision time

Updated
President Barack Obama sits with House Speaker John Boehner of Ohio, House Minority Leader Nancy Pelosi of California, House Majority Leader Eric Cantor of Virginia, as he meets with Republican and Democratic leaders regarding the debt ceiling in the Cabinet Room of the White House in Washington, Thursday, July 14, 2011
President Barack Obama sits with House Speaker John Boehner of Ohio, House Minority Leader Nancy Pelosi of California, House Majority Leader Eric Cantor of Virginia, as he meets with Republican and Democratic leaders regarding the debt ceiling in the Cabinet Room of the White House in Washington, Thursday, July 14, 2011
AP

 

President Obama says, “it’s decision time,” telling congressional leaders he wants to see a deal on raising the debt ceiling in the next 36 hours.  If not, he says lawmakers will have to return to the negotiating table this weekend.  The President’s deadline comes as the front page of the Wall Street Journal reads “Plan B Emerges on Debt.”  The Journal and others report that Harry Reid is embracing Mitch McConnell’s plan, although it’s unlikely it would include any tax increases. But House Republicans remain split on the proposal, even though Speaker John Boehner is refusing to dismiss the plan.  Meanwhile, during the White House budget meeting yesterday, aides say Eric Cantor did not say a word.  It follows the reportedly tense encounter between Cantor and President Obama during Wednesday’s sit down. Yesterday, the President described his relationship with Cantor as “cordial.”   Speaking with CBS affiliate KYW, President Obama discussed the hold up in negotiations. He said, “What we have not seen is an acknowledgment that if we are serious about solving the problem, that everyone needs to compromise a little bit. People have dug themselves into these holes and what I said to them yesterday was the American people expect us to perform and there is too much at stake for us to be playing political games and I was very blunt about that.”
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Top Talker: President Obama says it's decision time

Updated