President Barack Obama invited Congressional leaders to the White House to discuss raising the federal debt limit on Wednesday, the Wall Street Journal reported. The meeting will take place at 5:30pm ET.
The Treasury Department announced Tuesday it was executing final emergency measures before it must raise the debt ceiling on Oct. 17. House Republicans are considering merging negotiations on the debt limit with a continuing resolution to re-open the shuttered government.
“We’re pleased the president finally recognizes that his refusal to negotiate is indefensible,” a spokesman for House Speaker John Boehner (R-OH) said in a statement. “It’s unclear why we’d be having this meeting if it’s not meant to be a start to serious talks between the two parties.”
