A tense meeting on settling the impasse over the debt ceiling at the White House  with House Majority Leader Eric Cantor describing the sides as quote "very far apart."

FOX's Chad Pergram reports from Capitol Hill...

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Senior Democratic sources pushed back on the claims, saying Cantor was "dressed down" by the President after interrupting the meeting three times to push for a short-term plan, which the President has repeatedly said he'd veto.

As the sides sat down to meet, a fresh example of the possible consequences if there is no deal.

FOX News Radio's Steve Taylor reports from Washington...

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Reaction is coming in to Moody's review of the U.S. credit rating.

FOX Business Network's Peter Barnes has more...

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