The Senate has pencil in extra time to work on a large budget before a period of 2 August, but instead to move to the workplace both sides are digging hard on their conditions of deficit reduction.
Tension threatens to keep the negotiations collapsed when the Republican negotiators left last week offline. GOP lawmakers want major budgetary expenditure under an agreement to raise the ceiling of the debt-to-something that the administration of Obama, said should occur before the August deadline to avoid the risk of failure - and left the discussion out of concern that the Democrats were pushing too hard for tax hikes.
But while Democrats said they were ready to accept certain budgetary expenditure, the Obama President clearly at his Wednesday Press Conference that he will continue to push for the increase of taxes under an agreement.
The Senate had acceded to a request presidential Thursday - the House set aside its July Fourth recess and ready to return to session from Tuesday, after that Obama complained that Congress was not so sharply that he was.
But there was no indication that both parties had made progress in the resolution of their Chief disagreement.
When the Senate Leader of the minority Mitch McConnell, R - KY, invited Obama to meet with legislators on Capitol Hill GOP on Thursday afternoon, the White House pushed back.
A not only Obama topic in Philadelphia Thursday to attend democratic fundraising activities, press attached White House Jay Carney rejected invitation McConnell, saying: he had "guest simply the President to hear what would not pass.". This is not a helpful conversation. »
Later, donor, Obama reiterated its call for spending cuts and new tax revenues.
"The truth is that you could be on the back of a napkin how to get this thing done," he said. "The issue is political will."
Legislators could even not so much time to reach an agreement as the administration. A democratic official with knowledge of the debt talks said an agreement is necessary in two to three weeks to allow procedural hurdles.
"If the markets are beginning to respond to, and then we waited a day too long," said official Fox News, noting that the House led the GOP has a rule for three days for the success of the Bills.
The official said an agreement is needed by July 22, nearly two weeks earlier than the date limit of the Treasury Board, although some on Capitol Hill have called date Treasury a tactical scare to push an agreement.
The Secretary of the Treasury Tim Geithner has extended the time three times in the past.
The issues of the debate was underlined at the Executive a Standard & Poor said the credit rating agency would give the Government its rating lowest legislators should fail to agree on the debt limit lift and cause a federal default.
Should that works, that s & P would decrease the rating U.S. AAA to D, John Chambers, CEO of sovereign ratings for the company, said Bloomberg Television.
Obama said that in the talks, the Republican and democratic negotiators found over a potential $ 1 trillion in spending cuts over the next decade, including reductions driven by the two parties.
The White House also offers approximately $ 400 billion higher tax revenues. The Republicans do not want to tax increases and cuts in spending more important than the Democrats have proposed.
Increase the current limit of debt by about $ 2.4 trillion was to carry the Government until the end of 2012, thus avoiding another vote of the Congress on the issue until after the next presidential and legislative elections. Republicans insisted on any extension of coupling at least an equal amount of budgetary savings.
The Associated Press contributed to this report.
(credit: AP Photo, j. Scott Applewhite)