President Barack Obama has been negotiating with Washington D.C. lawmakers over America’s debt ceiling for some time now and last night, the back and forth battle reached its limit.
According to House Majority Leader Eric Cantor (R-VA.), President Obama abruptly stormed out of the meeting.
Obama said he has reached his limit and enough is enough. Congress has until August 2 to raise the legal limit on debt.
As Reported By The Huffington Post:
Lawmakers and the White House had what nearly every party is describing as a “tough” and “testy” meeting on the debt ceiling Wednesday afternoon, culminating in a stormy exchange between President Barack Obama and House Majority Leader Eric Cantor (R-Va.).
It was the fifth straight day of talks, but the first in which attendees, speaking on background, were willing to admit that steps were taken backwards. According to multiple sources, disagreements surfaced early, in the middle and at the end of the nearly two-hour talks. At issue was Cantor’s repeated push to do a short-term resolution and Obama’s insistence that he would not accept one.
“Eric, don’t call my bluff. I’m going to the American people on this,” the president said, according to both Cantor and another attendee. “This process is confirming what the American people think is the worst about Washington: that everyone is more interested in posturing, political positioning, and protecting their base, than in resolving real problems.”
Cantor, speaking to reporters after the meeting, said that the president “abruptly” walked off after offering his scolding.
“I know why he lost his temper. He’s frustrated. We’re all frustrated,” the Virginia Republican said.
“I have reached the point where I say enough,” Obama concluded, according to Reuters. “Would Ronald Reagan be sitting here? I’ve reached my limit. This may bring my presidency down, but I will not yield on this.”
House Majority Leader Eric Cantor (R-VA.)