President Barack Obama will hold separate talks with Senate Democratic and Republican leaders Monday to try to resurrect stalled negotiations over raising the U.S. debt ceiling.
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Talks stalled this week when Republicans pulled out of the talks over Democrats' demands for raising taxes. A deal must be reached by Aug. 2 to avoid a potential default on the country's $14.3 trillion debt.
The White House said Friday they will ``discuss the status of the negotiations to find common ground on a balanced approach to deficit reduction.''