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Posted: 4/4/2013 4:18:33 PM EST
FILE - In this March 19, 2013 file photo, President Barack Obama stands with House Speaker John Boehner of Ohio after they attended a Friends of Ireland luncheon on Capitol Hill in Washington. The partisan cease-fire that kept the government running this spring gave birth to hopeful talk of a much larger “grand bargain” that would reduce the federal deficit for years. But such optimism seems to ignore how far apart the two parties remain on key issues. The mutual obstinance disappoints those who felt top Republicans and Democrats were close to a major accord on spending cuts and tax increases in December. (AP Photo/Charles Dharapak. File)
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Posted: 11/17/2011 6:35:48 PM EST
Rep. Jeb Hensarling, R-Texas, co-chair of the Joint Select Committee on Deficit Reduction, leaves a meeting with House Speaker John Boehner, R-Ohio, to vote on the House floor at the Capitol in Washington, Wednesday, Nov. 16, 2011. The Supercommittee is trying to come up with a plan by Thanksgiving that trims the federal deficit by at least $1.2 trillion over 10 years. (AP Photo/J. Scott Applewhite)
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Posted: 11/2/2011 8:40:47 PM EST
Rep. Xavier Becerra, D-Calif., listens during a hearing on Capitol Hill in Washington, Tuesday, Nov. 1, 2011. The Joint Select Committee on Deficit Reduction is trying to come up with a package by Thanksgiving that trims the federal deficit by at least $1.2 trillion over 10 years. (AP Photo/J. Scott Applewhite)
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Posted: 7/15/2011 12:05:17 PM EST
President Barack Obama answers questions during a news conference in the Brady Press Briefing Room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing
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Posted: 7/15/2011 12:05:04 PM EST
President Barack Obama answers questions during a news conference in the Brady Press Briefing Room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing
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Posted: 7/15/2011 12:04:08 PM EST
President Barack Obama answers questions during a news conference in the Brady Press Briefing Room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing
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Posted: 7/15/2011 11:57:31 AM EST
U.S. President Barack Obama leaves after a news conference in the Brady Press briefing room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 7/15/2011 11:55:31 AM EST
U.S. President Barack Obama arrives to speak at a news conference in the Brady Press briefing room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 7/15/2011 11:54:29 AM EST
U.S. President Barack Obama speaks during a news conference in the Brady Press briefing room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 7/15/2011 11:48:39 AM EST
U.S. President Barack Obama responds to questions during a news conference in the Brady Press Briefing Room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 7/15/2011 11:44:35 AM EST
U.S. President Barack Obama holds a news conference in the Brady Press Briefing Room at the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS HEADSHOT)
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Posted: 7/15/2011 11:43:08 AM EST
U.S. President Barack Obama holds a news conference in the Brady Press Briefing Room at the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS HEADSHOT)
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Posted: 7/15/2011 11:41:51 AM EST
U.S. President Barack Obama holds a news conference in the Brady Press Briefing Room at the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS BUSINESS HEADSHOT)
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Posted: 7/15/2011 11:41:05 AM EST
U.S. President Barack Obama holds a news conference in the Brady Press Briefing Room at the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS BUSINESS HEADSHOT)
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Posted: 7/15/2011 11:36:48 AM EST
U.S. President Barack Obama answers questions during a news conference in the Brady Press Briefing Room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS IMAGES OF THE DAY)
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Posted: 7/15/2011 11:34:47 AM EST
U.S. President Barack Obama answers questions during a news conference in the Brady Press Briefing Room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS HEADSHOT)
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Posted: 7/15/2011 11:33:48 AM EST
U.S. President Barack Obama answers questions during a news conference in the Brady Press Briefing Room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 7/15/2011 11:32:33 AM EST
U.S. President Barack Obama answers questions during a news conference in the Brady Press Briefing Room of the White House in Washington July 15, 2011. Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some tax hikes to increase revenues. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 4/12/2011 2:42:52 PM EST
U.S. Bureau of Engraving and Printing employee Lisimba Williams flips through a stack of newly printed bills at the Bureau of Engraving and Printing in Washington, in this file picture taken October 23, 2006. The United States spent more than twice what it took in March 2011, raising the federal deficit to a record $829 billion for the first half of the fiscal year that began in October 2010. The Treasury Department on April 12, 2011 said the United States posted a monthly budget deficit of $188 billion in March 2010, the second highest shortfall of any March outsized only by the $192 billion gap posted in March 2009. REUTERS/Jim Young/Files (UNITED STATES - Tags: BUSINESS)
