Zero hour is fast approaching on the debt limit crisis and a solution is no closer in sight. The president is "determined" to continue forward working on a $4 trillion deal, despite facing, "steadfast opposition from Republicans and growing qualms among Democrats," reports The New York Times. Obama met with top officials from both parties on Sunday for an hour and fifteen minutes to discuss cutting a new deal. Little progress was made at the meeting, but the group agreed to meet again Monday, and then every day after until a deal is finally finished. Chances for the $4 trillion deal took a harsh blow Saturday night when House Speaker John Boehner announced he was backing off on his original commitment to that deal, and instead throwing his weight behind a smaller $2 or $3 trillion deal.
The lines in the sand have been drawn and little leeway is being given to those who want to negotiate or cross them. The Democrats are worried about spending cuts and the Republicans are refusing to acknowledge any deal that consists of any perceived tax hikes. A spokesman for Mitch McConnell said, "it’s baffling that the president and his party continue to insist on massive tax hikes in the middle of a jobs crisis." House minority leader Nancy Pelosi said that she was a fan of a larger deal but it, "must do no harm to the middle class or to economic growth. It must also protect Medicare and Social Security beneficiaries." The Wall Street Journal reports that, "negotiators on each side also suggested the other side was being over-cautious."