White House meeting ends with little progress

July 10, 2011 - 8:44 PM

WASHINGTON (AP) — The rare Sunday evening White House meeting between President Barack Obama and congressional leaders has ended with many plans but little progress on a debt and deficit reduction deal.

The participants made clear that they're not giving up on getting an agreement before an Aug. 2 deadline. Obama plans a news conference Monday, and the group of eight lawmakers plans to meet at the White House every day until a deal is struck, officials said.

During the 90-minute session Sunday, Obama pressed for the $4 trillion deal that congressional Republicans have rejected, arguing that a more modest approach would be equally hard to negotiate.

Republicans insist that any deal include no tax hikes. Democrats oppose Obama's plans to cut government aid to seniors and poor Americans.