By Ben Geman - 07/15/11 10:04 AM EDT
The Hill’s Sam Youngman and Erik Wasson have the latest on the high-stakes debt talks between the White House and Capitol Hill Republicans.
From their piece on Thursday’s White House meeting:
A Democratic aide said Thursday's meeting was about revenue and that Obama offered “a wide array of special interest tax loopholes that could be closed to offset the payroll tax credit.”
Those included oil and gas loopholes, closing loopholes for corporate jet owners, and ending subsidies for ethanol producers.
The GOP leaders rejected them all, the aide said.