President Barack Obama meets with senior advisors in Chief of Staff Bill Daley’s West Wing office at the White House to discuss ongoing efforts to find a balanced approach to the debt limit and deficit reduction, Sunday, July 31, 2011. Pictured, from left, are: National Economic Council Director Gene Sperling; Chief of Staff Bill Daley; Bruce Reed, Chief of Staff to the Vice President; Rob Nabors, Assistant to the President for Legislative Affairs; OMB Director Jack Lew; Vice President Joe Biden; and Senior Advisor Valerie Jarrett.

President Barack Obama meets with senior advisors in Chief of Staff Bill Daley’s West Wing office at the White House to discuss ongoing efforts to find a balanced approach to the debt limit and deficit reduction, Sunday, July 31, 2011. Pictured, from left, are: National Economic Council Director Gene Sperling; Chief of Staff Bill Daley; Bruce Reed, Chief of Staff to the Vice President; Rob Nabors, Assistant to the President for Legislative Affairs; OMB Director Jack Lew; Vice President Joe Biden; and Senior Advisor Valerie Jarrett.