BREAKING NEWS

Obama says it appears some progress in Senate toward averting default

WASHINGTON - US President Barack Obama said on Monday it appears there has been progress in Senate fiscal impasse negotiations but that there is a good chance the United States will default on its debts if Republicans are unwilling to set aside some partisan concerns.
Obama emerged from the White House to visit Martha's Table, a charity organization for low-income families where some furloughed government workers have been volunteering.
Obama, who is to meet congressional leaders at the White House at 3 p.m. EDT (1900 GMT), said he would be able to determine at that meeting whether the progress is real toward ending a government shutdown and avoiding a debt default ahead of a Thursday deadline.
"My hope is that a spirit of cooperation will move us forward in the next few hours," Obama said.
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