President Obama sits with House Speaker John Boehner (left), Ohio Republican, Senate Minority Leader Mitch McConnell (second from right), Kentucky Republican, and Sen. Dick Durbin, Illinois Democrat, as he meets on July 13, 2011, with Republican and Democratic leaders regarding the debt ceiling in the Cabinet Room of the White House. (Associated Press)

Photo by: Charles Dharapak

President Obama sits with House Speaker John Boehner (left), Ohio Republican, Senate Minority Leader Mitch McConnell (second from right), Kentucky Republican, and Sen. Dick Durbin, Illinois Democrat, as he meets on July 13, 2011, with Republican and Democratic leaders regarding the debt ceiling in the Cabinet Room of the White House. (Associated Press)