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Obama to Meet with Pelosi at White House

The White House/Pete Souza(WASHINGTON) -- After drawing a line in the sand Thursday and publicly rejecting entitlement cuts as part of a deficit deal, House Minority Leader Nancy Pelosi will meet privately with President Obama at the White House on Friday.

Pelosi, one of the eight congressional leaders in the debt negotiations, made it clear after Thursday’s White House meeting with the president that House Democrats “do not support cuts in benefits for Social Security and Medicare.”

“Any discussion of Medicare or Social Security should be on its own table,” she said. “You want to take a look at social security?  Then look at it on its own table.  But do not consider Social Security a piggy bank for giving tax cuts to the wealthiest people in our country.  We are not going to be balance the budget on the backs of America’s seniors, women [and] people with disabilities.”

The president said Thursday’s meeting was “constructive” but that there would be “pain involved politically on all sides” in order to slash trillions and raise the nation’s $14.3 trillion debt ceiling by Aug. 2.

“Our biggest obligation is to make sure that we’re doing the right thing by the American people, creating an environment in which we can grow the economy and make sure that more and more people are being put back to work,” Obama said.

Later Friday morning, the president will continue the discussion over a balanced approach to deficit reduction in four television interviews.

Copyright 2011 ABC News Radio

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