President Obama will resume talks today with top House and Senate leaders, in an attempt to reach an agreement over deficit reduction. Obama met with leaders from both parties for an hour and fifteen minutes last night, but little progress was made. The president continues to vie for a bold package that would require new taxes and entitlement cuts, while Republicans insist on a more modest plan and oppose tax increases. They're aiming to reach an agreement by August 2.
David Sanger is the chief Washington correspondent for our partner, The New York Times. He helps us get a look into what happened at those negotiations, and what agreements came out of them.