Obama: Lawmakers Need to Do Right Thing on Debt

Photo: REUTERS

U.S. President Barack Obama looks up during a meeting with Congressional leaders in the Cabinet Room to discuss ongoing efforts to find a balanced approach to deficit reduction at the White House, July 11, 2011

President Barack Obama says congressional leaders from both political parties need to do the right thing and work with him to achieve the largest possible compromise to cut deficit spending and raise the national debt limit. Mr. Obama used a news conference to step up pressure on lawmakers before another White House negotiating session.

Saying he will meet with key congressional leaders every single day until the deficit and debt issue is resolved, President Barack Obama said all continue to believe that it would be unacceptable not to raise the $14.3 trillion debt ceiling, adding that a lot of work remains.
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