Obama to brief reporters on debt talks 

President Obama scheduled an impromptu meeting with reporters to discuss the status of budget negotiations on Tuesday.

Obama plans to address reporters in the White House briefing room at 4:40 "to discuss the status of efforts to find a balanced approach to deficit reduction," according to a release from the White House press office.

Obama is likely to reiterate some of the points he made in an address to the nation last week, when he called on Congress to hammer out a compromise on deficit reductions and swiftly raise the U.S. debt ceiling before Aug. 2 – the day that administration officials say the country could default on its debt sans congressional action. 


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