The talks continue on averting a debt crisis as a White House meeting with Congressional leaders fails to produce a breakthrough.

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

House Minority Leader Nancy Pelosi also spoke with reporters to discuss debt negotiations.

She made it very clear where Democrats stand, and what she says is not going to be on the table...

Republicans, meanwhile, unveiled "Cut, Cap and Balance" legislation that requires spending cuts and passage of a Balanced Budget amendment before any vote on the debt ceiling.

Utah Republican Senator Mike Lee explained the bill...