Biden talks may have fourth meeting this week

The 11th round of deficit talks led by Vice President Biden wrapped up Wednesday and Biden said afterwards that the group would probably meet Friday in addition to a scheduled meeting on Thursday in the Capitol.

That would mark four meetings in one week, the most intense level yet. The group is trying to form a deal by July 1 that would cut the deficit by trillions as base for legislation that would convince the GOP to vote for raising of the nation's debt ceiling by Aug. 2.

“We keep moving,” Biden said.

The seven principle participants are keeping even more tight-lipped than usual, leading reporters into a frenzy.

House Majority Leader Eric Cantor (R-Va.), who was followed by a large pack nearly into the bathroom, said that the group wouldn’t be continuing to meet if progress were not being made.

“Obviously if we weren’t, we wouldn’t be meeting,” he said.

“We’ve had some very straightforward talks and an outlining of where each side needed to be,” he said.

Senate Finance Committee Chairman Max Baucus (D-Mont.) said that no one in the talks is looking for a short-term debt ceiling increase or a two-step process.

“That’s quite unlikely,” he said.

“Most of the subjects we have been discussing,” came up, he said. “There will be an agreement."