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Obama Plans ‘Hard Bargaining’ on Debt

President expected to use Sunday’s meeting to try to break partisan impasse.

By Julie Hirschfeld Davis, Mike Dorning, Bloomberg | Updated on July 08, 2011

President Barack Obama is summoning top congressional Republicans and Democrats to a rare Sunday meeting at the White House to begin “hard bargaining” on a broad debt-reduction deal.

At the July 10 session Obama will make his latest bid to break a partisan impasse over whether to include cuts in entitlement programs and tax increases in an agreement. Both sides in the debate are signaling openness to compromise on each front.

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