The House voted Monday to extend the federal debt limit and enact spending cuts. Here, House Minority Leader Nancy Pelosi arrives for a meeting with House Democrats and Vice President Joe Biden at the Capitol. Chip Somodevilla/Getty Images hide caption

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President Obama spoke about the ongoing debt negotiations earlier this week in the Brady Press Briefing Room in Washington, D.C. Win McNamee/Getty Images hide caption

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Smiles at the start: House Majority Leader Eric Cantor (R-VA) is at the far left. President Obama is at center left. They and other lawmakers were all smiles before the doors closed Wednesday. Charles Dharapak/AP hide caption

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House Speaker John Boehner (R-OH) and President Obama at the White House on Sunday. Mandel Ngan/AFP/Getty Images hide caption

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The Two-Way

Obama To Hold News Conference

The budget talks that seem to never end continue, and the president is set to lay out his position again today during a question-and-answer session with reporters.

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