The New York Times
Tuesday, July 5, 2011 -- 5:07 PM EDT
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Obama Calls Congressional Leaders to White House Thursday for Deficit Talks
President Obama on Tuesday invited the Congressional leadership from both parties to the White House on Thursday, saying that "greater progress is in sight" on a deal to raise the nation's debt limit and reduce the deficit.
Mr. Obama continued to insist that a final deal include a "balanced approach" that would include tax increases on wealthy individuals as well as trillions of dollars in spending cuts.
But he urged that all sides in the discussions on Thursday should "leave their ultimatums at the door" and he sounded an optimistic tone about the likelihood that an acceptable deal could be reached in the next two weeks.
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