President Barack Obama will meet with congressional leaders at the White House on Monday afternoon, a White House official said.
Obama and Vice President Joe Biden will be joined by Senate Majority Leader Harry Reid (D-Nev.), Senate Minority Leader Mitch McConnell (R-Ky.), House Speaker John Boehner (R-Ohio) and House Minority Leader Nancy Pelosi (D-Calif.)
The meeting comes as Reid has privately offered McConnell a deal that would reopen the government until mid-to-late December while extending the U.S. debt ceiling until next year, according to several sources familiar with the talks.
The proposal would set up a framework for larger budget negotiations with the House over the automatic sequestration spending cuts and and other major deficit issues. Moreover, Senate Democrats are open to delaying Obamacare's medical device tax and a requirement that those receiving Obamacare subsidies be subject to income verification - but they would have to get something from Republicans in return, sources said.
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