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Congressional Leaders Emerge From Wildly Productive Meeting With Consensus On Debt Issue

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Here's what they've got: we need to raise the debt ceiling.

Mr. Obama, after meeting with congressional leaders in the White House Cabinet Room for more than an hour, said both sides agree they need to raise the U.S. debt ceiling but that nothing has been agreed to until everything has been agreed to. He said he and congressional leaders would meet again Sunday at the White House to resume the talks. Staff, he said, will continue working throughout the weekend. Mr. Obama said everyone acknowledged "there's going to be pain involved politically on all sides."

Obama Calls Debt Meeting 'Constructive' [WSJ]

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