WASHINGTON (Reuters) - President Barack Obama rejected proposals on Tuesday for a short-term deal to raise the U.S. debt limit and pressured congressional leaders to reach a broad agreement within two weeks to avoid a government default by August 2.
Obama invited Democratic and Republican leaders of the U.S. Congress to the White House on Thursday to take stock of the stalled negotiations to reach a deal on budget cuts that would give Congress political cover to raise the $14.3 trillion debt ceiling that caps U.S. borrowing.
The talks collapsed in acrimony two weeks ago and both sides have blamed the other for failure to reach a deal.
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