From left: President Obama, Senate Majority Leader Harry Reid, Nevada Democrat, Senate Minority Leader Mitch McConnell, Kentucky Republican, and Senate Majority Whip Richard Durbin, Illinois Democrat, meet in the Cabinet Room of the White House on July 13, 2011, regarding the debt ceiling. (Associated Press)
Federal subsidies for farmers are cited by budget-cutters on Capitol Hill as a potential area of agreement with the White House. The subsidies cost taxpayers billions of dollars a year. "It has become impossible to justify these programs," said Rep. Ron Kind, Wisconsin Democrat.
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)
**FILE** President Obama acknowledges family members and friends of U.S. Army Sgt. First Class Leroy Arthur Petry of Santa Fe, N.M., during a ceremony at the White House during which Petry was awarded the Medal of Honor for his valor in Afghanistan. (Associated Press)
President Obama greets Sgt. 1st Class Leroy Arthur Petry before awarding him the Medal of Honor during a ceremony in the East Room of the White House on Tuesday. Sgt. Petry is the ninth service member to have been named a recipient of the Medal of Honor for actions in Afghanistan and Iraq.
**FILE** House Speaker John Boehner (left), Ohio Republican, listens as President Obama speaks July 7, 2011, during a meeting with Congressional leadership to discuss the debt in the Cabinet Room of the White House. (Associated Press)
President Obama, followed by White House press secretary Jay Carney, arrives at the press briefing room of the White House in Washington on Thursday, July 7, 2011, to talk about the ongoing budget negotiations. (AP Photo/Pablo Martinez Monsivais)
President Barack Obama sits with Twitter co-founder and Executive Chairman Jack Dorsey during a "Twitter Town Hall" in the East Room of the White House in Washington, Wednesday, July 6, 2011. (AP Photo/Charles Dharapak)