Remarks by President Obama on the Status of Efforts to Find a Balanced Approach to Deficit Reduction

Washington, DC–(ENEWSPF)–July 5, 2011 – 4:49 P.M. EDT

        THE PRESIDENT:  All right.  Hello, everybody.  I just wanted to give you an update on the deficit negotiations that we’ve been having for the last several weeks, and I want to wish, again, everybody a Happy Fourth of July.

        Over the July Fourth weekend, my team and I had a series of discussions with congressional leaders in both parties.  We’ve made progress, and I believe…