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Obama's allies, rivals visit White House for budget talks as clock ticks toward deadline
WASHINGTON (AP) ' Some of Barack Obama's Republican opponents are showing new flexibility as the president has invited friend and foe alike to the White House to talk about cutting the budget deficit.
Deficit talks between Obama and lawmakers in both parties are gaining urgency because they are the price of winning approval of legislation to maintain the government's ability to borrow money to stave off a default on U.S. obligations.
Obama is meeting with lawmakers Thursday, a day after House Majority Leader Eric Cantor signaled a willingness to consider closing some tax loopholes for businesses as part of a broader budget agreement containing $2 trillion or more in spending cuts. Cantor earlier had insisted that any tax loophole reforms be tied to a broader overhaul of the tax code.