Obama To Take Over Debt-Limit Negotiations – Another Capitulation In Store?

by Ben Hoffman

President Barack Obama signaled on Friday that he is ready to take over the debt-limit negotiations, summoning Senate leaders to the White House next week as the continuing impasse pushes the country closer to a potential default.

Obama will meet separately with Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) on Monday. The meetings follow the collapse Thursday of talks between Vice President Joe Biden and congressional leaders. Read more…

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