Obama, Congressional Leaders Fail To Break Debt Deadlock

Obama, congressional leaders fail to break debt deadlock

Obama continues to push for a $4-trillion deal to reduce deficits, but an impasse over spending and taxes remains. Negotiators will meet again Monday.President Obama continued to push for a $4-trillion deal to rein in government deficits Sunday, but a White House meeting with congressional leaders failed to break the deadlock over spending and taxes that has stalemated discussions for more than a month.

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