President Barack Obama meets with senior advisors in the Oval Office to discuss ongoing efforts in the debt limit and deficit reduction talks, Sunday, July 31, 2011. Pictured, from left, are: Treasury Secretary Timothy Geithner; Chief of Staff Bill Daley; National Economic Council Director Gene Sperling; OMB Director Jack Lew; Senior Advisor Valerie Jarrett; Bruce Reed, Chief of Staff to the Vice President; and Counsel to the President Kathryn Ruemmler.

President Barack Obama meets with senior advisors in the Oval Office to discuss ongoing efforts in the debt limit and deficit reduction talks, Sunday, July 31, 2011. Pictured, from left, are: Treasury Secretary Timothy Geithner; Chief of Staff Bill Daley; National Economic Council Director Gene Sperling; OMB Director Jack Lew; Senior Advisor Valerie Jarrett; Bruce Reed, Chief of Staff to the Vice President; and Counsel to the President Kathryn Ruemmler.