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Democrats and Republicans remain far away from each other on a wide range of issues regarding budget talks aimed at prevention a threatening default on US government debt, President Obama has said.

President Obama and congressional leaders have met at the White House in a bid to discuss the budget as a government shutdown becomes visible. Republican House Speaker John Boehner and Democratic Senator Harry Reid were expected to deliver a joint statement. The talks have been on hold for days, with Republicans pushing far larger spending cuts than Democrats are willing to give in.

US President Barack Obama has said it would be “unpardonable” for lawmakers to fail to reach a budget that would fund the government to September. President Obama spoke after he and Congressional leaders were unable to reach a budget deal on Tuesday. Without a new budget, the US government will shut down on Friday.

Posted by Dospel & GanjaParker