President Barack Obama and House Speaker John Boehner, eachfacing strife within his own ranks and dwindling time to avert aU.S. default, pressed for a broad agreement to boost the debt limitwhile cutting spending by trillions of dollars and overhauling thetax code.

Obama summoned top Democrats to the White House last night afterDemocrats balked at word of a potential deal between the presidentand Boehner that would reduce the long-term debt by about $3trillion over 10 years through deep spending cuts without animmediate increase in taxes. Democratic lawmakers said they fearedthe president was moving toward an agreement that undermined theirparty's priorities.

“We are very volcanic at this moment,” Senator Barbara Mikulski,a Maryland Democrat, said as she left a session at the Capitol withWhite House budget director Jack Lew. “The clock is running, theRepublicans are running from a real solution. I don't want thepresident to be an enabler of that.”

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