WASHINGTON — Heading into crucial negotiations on a budget deal, President Obama has raised his sights and wants to strike a far-reaching agreement on cutting the federal deficit as Speaker John A. Boehner has signaled new willingness to bargain on revenues.
Mr. Obama convened a meeting at the White House on Thursday morning with Congressional leaders of both parties in an effort to work out an agreement to raise the federal debt limit. Democratic officials briefed on the negotiations said on Wednesday that he wants to move well beyond the $2 trillion in savings sought in earlier negotiations, and seek perhaps twice as much over the next decade.