A White House meeting between President Obama and congressional leaders broke up tonight after 75 minutes without much movement toward an agreement on a deficit reduction deal.
The group, which reportedly didn’t get along very well, will reconvene at the White House Monday.
The White House says President Obama continues to have hope for a deal in the range of $4 trillion, something that has been rejected by Republicans over the prospect that it would include sizable tax increases and that got lukewarm support from many Democrats concerned that Social Security and Medicare benefits would hit the chopping block.
Republicans say they now will focus on getting agreement on about $2.5 trillion in cuts.
But, in a clear sign the White House might not be serious about securing a more robust deal, President Obama plans to hold a news conference Monday morning at 11 am ET to discuss the state of play.
Last week, when negotiations were serious, White House Press Secretary Jay Carney declared a virtual news blackout on the talks, proclaiming that quiet diplomacy held the best chance of getting a deal. The White House at the time refused to confirm two secret meetings Obama held with House Speaker Boehner, even after their existence was widely known.