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Obama Meeting Now With Top Democrats to Discuss Debt Limit

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President Barack Obama is stepping back into the debt-ceiling talks, calling Congress' top two Democrats to the White House for a meeting.

White House aides said Obama would receive an update Saturday from Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi. The invitation came shortly after the GOP-controlled House rejected Reid's debt-ceiling proposal in a largely symbolic vote.

The chief negotiations are taking place in the Senate. Reid and his GOP counterpart are seeking a compromise plan that the House and Senate can agree on to extend the government's borrowing powers beyond Tuesday's deadline.

While Speaker Boehner's debt bill has passed in the House and was tabled in the Senate last night, Reid's debt bill was rejected in the House and the Democratic leader discovered today that his plan is even several votes shy of overcoming a Republican filibuster in the Senate.

The Associated Press contributed to this article.

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