President Obama is bringing debt talks back to the White House, as an impasse proves tough to break.

FOX News Radio White House Correspondent Mike Majchrowitz reports from the West Wing...

Play Audio Clip Listen to audio clip.

Hear President Obama's FULL statement from the White House Briefing Room HERE:

Play Audio Clip Listen to audio clip.

The U.S. Senate is skipping most of their holiday recess to try to hammer out a deal on the debt ceiling.

Sen. Rob Portman (R-OH), member of the Senate Budget Committee, says increasing taxes is not something the Republicans will agree to...

Play Audio Clip Listen to audio clip.

Play Audio Clip Listen to audio clip.