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White House Postpones Meeting Amid High Hopes for Compromise

Posted October 14th, 2013 @ 12:40pm by KFBK News

President Barack Obama speaks while furloughed federal workers Health and Human Services employee Chantelle Burton (L) and U.S. Census Burea employee Dolly Garcia listen while they volunteer at a Martha's Table kitchen on October 14, 2013 in Washington, D.C. During a statement, Obama called on congress to end the budget stalemate and allow federal employees to return to work. (Photo by T.J. Kirkpatrick-Pool/Getty Images)

Republican and Democratic leaders in the Senate said Monday they are close to a deal to end the government shutdown and raise the debt ceiling.

Obama, visiting a local food bank, told reporters that if congressional Republicans don't agree to an increase in the debt ceiling by Thursday, "we stand a good chance of defaulting."

The president had a meeting scheduled for 3 p.m. EST, but the White House announced that the gathering would be postponed so that there was more time to work on a plausible deal.

The delay will "allow leaders in the Senate time to continue making important progress towards a solution that raises the debt limit and reopens the government," the White House said.

Whenever it happens, Obama plans to meet at the White House with bipartisan congressional leaders: Senate Majority Leader Harry Reid, D-Nev.; Senate Minority Leader Mitch McConnell, R-Ky.; House Speaker John Boehner, R-Ohio; and House Minority Leader Nancy Pelosi, D-Calif. Vice President Biden will also attend the session.

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