With Debt on Creditwatch, Obama: "Don't Call My Bluff"

Bloomberg - President Barack Obama may summon congressional leaders to a Camp David summit this weekend after the latest round of White House negotiations on the deficit ended on a tense note and Moody’s Investors Service warned the stalemate could jeopardize the U.S.’s credit rating. Obama told the lawmakers they have until tomorrow to decide whether they can reach a deal to cut the deficit or settle for a way to raise the $14.3 trillion debt ceiling before U.S. borrowing authority expires Aug. 2, two Democratic officials said. The increasing tension between Democrats and Republicans was underscored by dueling accounts of a White House meeting that ended sourly. Obama “got very agitated” and left the room after House Majority Leader Eric Cantor suggested a vote on a smaller deal, Cantor said in an interview. “Don’t call my bluff; I am going to the American people,” Obama said, according to Cantor, a Virginia Republican. Read full story here: News New Mexico