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Statement Following White House Meeting

Statement

Date: July 14, 2011
Location: Washington, DC
Issues: Government Budget and Spending

Democratic Leader Nancy Pelosi released the following statement today after a meeting of the bipartisan, bicameral leaders concluded at the White House:

"After several days of comprehensive discussions, the President asked the bicameral, bipartisan leadership to go to our respective caucuses to see what could be passed. I told the President that the House Democratic Caucus stands with him in support of the "grand bargain' -- saving up to $4 trillion while avoiding an unprecedented default crisis.

"House Democrats want a final agreement that reflects the "grand bargain' while protecting Social Security and Medicare benefits. Democrats are committed to ensuring that our nation meets its obligations by working toward a long term plan to reduce the deficit, create jobs, grow the economy and strengthen the middle class."


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