Obama ‘Abruptly’ Walked Out of Debt-Ceiling Talks, Republican Cantor Says
President Barack Obama “abruptly” walked out of today’s White House meeting with legislative leaders on the federal deficit, House Majority Leader Eric Cantor told reporters.
Cantor said he told Obama “we are far apart” on proposals to cut the deficit and raise the U.S. debt limit.
The president “got very agitated” and said, “Don’t call my bluff; I am going to the American people,” said Cantor, a Virginia Republican. Obama “shoved back from the table” and left, Cantor said.
“We’re so far apart and going back on the momentum,” Cantor said.
To contact the reporter on this story: James Rowley in Washington at jarowley@bloomberg.net
To contact the editor responsible for this story: Laurie Asseo at lasseo1@bloomberg.net
President Barack Obama
Joshua Roberts/Bloomberg
President Barack Obama speaks during a news conference about deficit cuts in the Brady Press Briefing Room at the White House in Washington, D.C., on July 11, 2011.
President Barack Obama speaks during a news conference about deficit cuts in the Brady Press Briefing Room at the White House in Washington, D.C., on July 11, 2011. Photographer: Joshua Roberts/Bloomberg
July 13 (Bloomberg) -- President Barack Obama said on “CBS Evening News with Scott Pelley” yesterday that unless the debt ceiling is raised in time, the federal government might not be able to pay Social Security and veterans’ benefits. Lizzie O'Leary reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
July 14 (Bloomberg) -- Kenneth Schapiro, president of Condor Capital Management, talks about negotiations between lawmakers over raising the U.S. debt ceiling and the outlook for U.S. Treasuries. Moody’s Investors Service put the U.S. under review for a credit rating downgrade as talks to raise the government’s $14.3 trillion debt limit stall, adding to concern that political gridlock will lead to a default. Schapiro speaks with John Dawson on Bloomberg Television's "First Up." (Source: Bloomberg)
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