This morning, President Obama is expected to meet with House and Senate leaders at the White House to try to hash out a deal on raising the debt ceiling. The meeting comes as today's Washington Post reports that the President is considering major changes in social security and Medicare as part of the deal in exchange for Republican support for fresh tax revenue. The Post says the President's plan would cut more than $4 trillion dollars over the next ten years. This is up from the original plan of $2 trillion in savings. It comes after President Obama held his first-ever Twitter Town Hall yesterday where he continued to put pressure on Capitol Hill to get a deal done. He said, "Congress has a responsibility to make sure we pay our bills. We've always paid them in the past. The notion that the U.S. is going to default on its debt is just irresponsible."
During the town hall, the President answered tweeted questions from users all over the country, including one from House Speaker John Boehner. The Speaker's tweet said, "After embarking on a record spending binge that's left us deeper in debt, where are the jobs?" Here's how the President responded. He said, "Obviously, John's the speaker of the house, a republican and so, this is a slightly skewed question. But what he is right about is that we have not seen fast enough job growth relative to the need." He continued to discuss job creation, saying, "We haven't gotten the kind of cooperation that I'd like to see on some of those ideas and initiatives but I am just going to keep on trying and eventfully I am sure the Speaker will see the light."