House Republicans gave ground Thursday in the debt ceiling fight by offering to raise the nation’s borrowing limit for six weeks, and the White House said President Obama might sign such a measure to avoid default.
With the barest outlines of a deal on the table, as the partial government shutdown entered its 10th day, Mr. Obama met for more than an hour late Thursday with Speaker John A. Boehner and other GOP leaders at the White House, before the Republicans leaders scurried back to the Capitol to huddle.
“The takeaway from the meeting was our teams are going to be talking further,” said House Majority Leader Eric Cantor, Virginia Republican.
The White House said the meeting was worthwhile but insisted “no specific determination was made.”
The Republicans proposed a six-week limit increase to the $16.7 trillion debt ceiling in exchange for the White House agreeing to talk about a broad set of fiscal issues.
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