WASHINGTON – JULY 31: In this handout provided by the White House, U.S. President Barack Obama (L) meets with senior advisors (L-R) Vice President Joe Biden, Rob Nabors, Assistant to the President for Legislative Affairs, OMB Director Jack Lew, Pete Rouse, Counselor to the President, and Senior Advisor Valerie Jarrett in the Oval Office to discuss ongoing efforts in the debt limit and deficit reduction talks July 31, 2011 in Washington, DC. Obama announced that congressional leaders had reached a tentative agreement to extend the federal debt limit while enacting spending cuts. (Photo by Pete Souza/The White House via Getty Images)