In it, but not of it. TPM DC

Obama: Time To 'Pull Off The Bandaid, Eat Our Peas' In Debt Talks

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Newscom

"We might as well do it now, pull off the band aid, eat our peas," Obama said.

With the clock ticking down for both sides to reach a deal on raising the debt-ceiling, Obama is urging Republicans to back away from their insistence on no new tax increases and Democrats from refusing to agree to seismic changes to entitlement programs such as Medicare and Social Security.

Obama urged Republicans and Democrats to return to the White House at 2 p.m. Monday afternoon more willing to compromise.

"I think it would give the American people enormous confidence that this town can actually do something one in a while," Obama said.