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Obama, GOP Fail to Agree on Debt Limit

President Obama and the House Republicans didn't reach an agreement on a debt limit extension during a Thursday meeting, but the GOP offer was seen as a step toward ending the current budget stalemate, and negotiations will continue. House Speaker John Boehner led a group of 20 Republicans to the White House, where they presented an offer to increase the Treasury's borrowing authority through late November and asked Obama to consider negotiations for a long-term deficit and tax overhaul deal. "We had a long, frank conversation about it," Rep. Paul Ryan said. The GOP proposal could be voted on as soon as Friday.