United States President Barack Obama, right, meets with U.S. Speaker of the House John Boehner (Republican of Ohio), left, along with U.S. Senate Majority Leader Harry Reid (Democrat of Nevada), U.S. Senate Republican Leader Mitch McConnell (Republican of Kentucky), and U.S. House Democratic Leader Nancy Pelosi (Democrat of California) in the Cabinet Room of the White House. The negotiations to raise the national debt ceiling collapsed yesterday after Speaker Boehner walked out of the talks. .Credit: Kristoffer Tripplaar  / Pool via CNP