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**AK47rulz** · 07-07-2011, 01:45 AM

LA Times: http://www.latimes.com/news/nationwo...,6975653.story

Obama and Boehner have held a pair of secret meetings at the White House, sessions coming after their golf outing last month. Even key party leaders were unaware of the most recent meeting, which was held Sunday.

The president and House speaker, an Ohio Republican, are seeking a deal on cutting federal deficits to win congressional approval for an increase in the nation's debt limit. Failure to increase the government's borrowing limit by Aug. 2 could trigger a financial crisis, experts warn.

The White House wants a deal before that and favors a larger package of $4 trillion in spending cuts and new revenue, which budget hawks say is needed to begin to reduce the nation's record deficits and debt.

Both the president and the House speaker have much to gain politically if they can forge a history-making agreement, motives not always shared by many lawmakers. Such a broad deal would require political pain on all sides, putting lawmakers up for reelection next year in difficult circumstances.

Boehner first met secretly with Obama at the White House two weeks ago, shortly after their June 18 golf outing. The White House has calculated that Boehner's GOP-controlled House is where any deal must pass, as the Senate will rely primarily on votes from the Democratic majority to pass the debt ceiling increase.

07-07-2011, 01:45 AM	#1
AK47rulz Join Date Nov 2005 Posts 612 Senior Member	Obama and Boehner reportedly holding secret negotiations over debt deal LA Times: http://www.latimes.com/news/nationwo...,6975653.story Obama and Boehner have held a pair of secret meetings at the White House, sessions coming after their golf outing last month. Even key party leaders were unaware of the most recent meeting, which was held Sunday. The president and House speaker, an Ohio Republican, are seeking a deal on cutting federal deficits to win congressional approval for an increase in the nation's debt limit. Failure to increase the government's borrowing limit by Aug. 2 could trigger a financial crisis, experts warn. The White House wants a deal before that and favors a larger package of $4 trillion in spending cuts and new revenue, which budget hawks say is needed to begin to reduce the nation's record deficits and debt. Both the president and the House speaker have much to gain politically if they can forge a history-making agreement, motives not always shared by many lawmakers. Such a broad deal would require political pain on all sides, putting lawmakers up for reelection next year in difficult circumstances. Boehner first met secretly with Obama at the White House two weeks ago, shortly after their June 18 golf outing. The White House has calculated that Boehner's GOP-controlled House is where any deal must pass, as the Senate will rely primarily on votes from the Democratic majority to pass the debt ceiling increase.
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