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.3 trillion before Aug. 2peachblow petal sandal, whenthe country is due to run out of borrowing capacity. Failure toact soon bailey button uggs , some warn, could push the United States back intorecession and send shock waves through the global economy.
Democrats and Republicans remain at odds over what elementsshould be part of the deal. Democrats are pushing for roughly$1 trillion in new tax revenue, while Republicans want torestructure popular benefit programs.
The uptick in the jobless rate in June to 9.2 percentcomplicated the debate over the debt deal and was a harshreminder of the fragility of the U.S. economy.
Republicans who would like to deny Obama a second term whenhe runs for reelection in November 2012 are keeping up thepressure on the president over jobs.
"If we've learned anything, it's that we cannot spend, tax bailey button uggs ,or borrow our way to prosperity," Representative Cathy McMorrisRodgers of Washington state said in the Republican weeklyaddress. "To create jobs and set our country on a sound fiscalcourse, we must stop spending money we don't have."
Obama, Boehner and other congressional leaders are due tomeet at the White House on Sunday at 6 p.m. EDT (2200 GMT) bailey button uggs ,with staffers working through the weekend to lay out options.
There could be some hard bargaining in the session but itis not likely to produce a final deal bailey button uggs , White House spokesmanJay Carney said.
Boehner also tamped down expectations that Democrats andRepublicans could reach agreement over the weekend. He said onFriday that the two sides must overcome serious disagreementson taxes and spending cuts.
"It's not like there's some imminent deal about to happen,"Boehner told a news conference. "This is a Rubik's Cube that wehaven't quite worked out yet."
President Barack Obama on Thursday warned the country's recovery would not be complete until more citizens find work and the United States borrows less money from other countries.
Obama, who has made jobs a top priority in this election year, also called on Congress to pass fr