NYT: Breaking News: Obama Rejects Republican Proposal for Short-Term Debt Limit Plan (updated) [View all]

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Obama Rejects G.O.P. Offer of Short-Term Debt Limit Plan

President Obama on Thursday rejected a proposal from politically besieged House Republican leaders to extend the nation’s borrowing authority for six weeks because it would not also reopen the government. Yet both parties saw it as the first break in Republicans’ brinkmanship and a step toward a fiscal truce.

Twenty Republicans, led by Speaker John A. Boehner, went to the White House at Mr. Obama’s invitation after a day of fine-tuning their offer to increase the Treasury Department’s authority to borrow money to pay existing obligations through Nov. 22. In exchange, they sought the president’s commitment to negotiate a deal for long-term deficit reduction and a tax overhaul.

Mr. Boehner and his colleagues left after about an hour and a half without speaking to waiting reporters.
http://www.nytimes.com/2013/10/11/us/politics/debt-limit-debate.html?_r=0

CNN
House Majority Leader Eric Cantor tells CNN that House Republican leaders "had a very useful meeting" with President Obama.
http://www.cnn.com/

Obama, House Republicans Do Not Reach Debt Limit Deal
http://www.huffingtonpost.com/2013/10/10/obama-republicans-debt-limit_n_4081228.html?ncid=edlinkusaolp00000003
The White House says President Barack Obama and Republican leaders reached no specific determination on how to end the partial government shutdown or raise the nation's debt ceiling. The White House, however, described the meeting as good and said Obama looked forward to progress.