ABC News’ Mary Bruce (@marykbruce) Reports:
The president will spend the day in a series of closed-door meetings at the White House.
With just 12 days left to avert default and raise the nation’s $14.3 trillion debt ceiling, President Obama and Vice President Biden will meet with Treasury Secretary Tim Geithner in the Oval Office this afternoon.
Obama continues to push for a “grand bargain,” buoyed by the bipartisan “Gang of Six” proposal that would reduce the deficit by $3.7 trillion over the next decade through spending cuts and tax increases.
While the president believes there's still time to work out a big deal, the White House signaled yesterday that Obama might accept a short-term extension if it was linked to a larger deficit-reduction package.
The president continued negotiations yesterday in separate meetings with Democratic and Republican leadership. There are no such meetings scheduled for today, but don’t be surprised if that changes.
Also today, Obama will meet with Marc Morial, President of the National Urban League, and NAACP president Ben Jealous.
Earlier in the day, he will meet with General Cartwright, vice chairman of the Joint Chiefs of Staff.