WASHINGTON – JULY 10: From left House Minority Leader Nancy Pelosi (D-CA), Speaker of the House John Boehner (R-OH), President Barack Obama, Senate Majority Leader Senator Harry Reid (D-NV) and Senate Minority Leader Senator Mitch McConnell (R-KY) sit before a meeting in the Cabinet Room of the White House July 10, 2011 in Washington, DC. President Obama met with Speaker of the House John Boehner (R-OH), Senate Majority Leader Senator Harry Reid (D-NV) and other Congressional leaders to negotiate increasing the United States’s debt ceiling in order to avoid the nation defaulting on its debt. (Photo by Brendan Smialowski/Getty Images)