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Pelosi Statement Following White House Meeting Today

July 14, 2011

Contact: Nadeam Elshami/Drew Hammill, 202-226-7616

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today after a meeting of the bipartisan, bicameral leaders concluded at the White House:

“After several days of comprehensive discussions, the President asked the bicameral, bipartisan leadership to go to our respective caucuses to see what could be passed. I told the President that the House Democratic Caucus stands with him in support of the ‘grand bargain’ – saving up to $4 trillion while avoiding an unprecedented default crisis.

“House Democrats want a final agreement that reflects the ‘grand bargain’ while protecting Social Security and Medicare benefits. Democrats are committed to ensuring that our nation meets its obligations by working toward a long term plan to reduce the deficit, create jobs, grow the economy and strengthen the middle class.”

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