Obama still pushing for big deal on debt, deficits

(AP) - President Barack Obama says it is encouragingthat lawmakers from both sides are in agreement about the need toprevent the U.S. from defaulting on

WASHINGTON - (AP) - President Barack Obama says it is encouragingthat lawmakers from both sides are in agreement about the need toprevent the U.S. from defaulting on its financial obligations.

But Obama says lawmakers shouldn't be getting this close to anAug. 2 deadline to raise the debt ceiling without an agreement.

Obama says he still wants to strike a big deal that would raise thedebt limit as well as cut spending and raise revenues.

After five straight days of meetings, Obama did not scheduletalks with lawmakers Friday. Instead he asked leaders to take threedeficit reduction options to their members to see which could win avote in the House and Senate.

If the debt ceiling isn't raised by Aug. 2, the U.S. risksdefaulting on its financial obligations.

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