Obama: 'We Have Now Run Out of Time' on Debt Ceiling

President Barack Obama railed at House Speaker John Boehner Friday for walking away from talks on raising the U.S. debt ceiling, and summoned the House leader and others to the White House for further discussions Saturday.

Saying his plan was an ``extraordinarily fair deal,'' Obama said, ``We have now run out of time.''

He summoned Boehner, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell and House Minority Leader Nancy Pelosi to the White House for a meeting at 11 a.m. Saturday, where he said these congressional leaders ``are going to have to explain to me how it is that we are going to avoid default.''