Obama, Biden to meet congressional leaders on fiscal impasse

Reuters

WASHINGTON, Oct 14 (Reuters) - President Barack Obama andVice President Joe Biden will meet congressional leaders onMonday to discuss the impasse on how to extend the U.S. debtceiling and end a government shutdown.

The White House said the meeting would be held at 3 p.m. EDT(1900 GMT). Included will be Senate Majority Leader Harry Reid,Senate Republican leader Mitch McConnell, House ofRepresentatives Speaker John Boehner, the top Republican inWashington, and House Democratic leader Nancy Pelosi.

The White House said that with time running out until theU.S. borrowing limit is reached on Thursday, Obama will makeclear the need for Congress to act and stress he will not beforced into concessions by conservative Tea Party House members.

"The president will also reiterate our principles to theleaders: we will not pay a ransom for Congress reopening thegovernment and raising the debt limit," the White House said."The president continues to urge Congress to pass a bill thatraises the debt ceiling and lends the certainty our businessesand the economy needs."

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