Last summer, the White House was embroiled in a battle with Republican leaders over legislation to increase the debt ceiling and avert default. A look at the negotiations that unfolded between President Obama and his advisers, and House Speaker John A. Boehner and the GOP leadership.
July 11, 2011President Obama confers with staff on his debt limit and deficit reduction strategy. White House officials say last year's debt ceiling negotiations with Republicans, as the expiration of the borrowing limit loomed, were some of the most the most pressure filled of Obama's presidency.Pete Souza/WHITE HOUSE
EXCERPT | A new book by journalist Bob Woodward gives an inside account of how a showdown in 2011 between congressional leaders and President Obama over the federal debt ceiling brought the government to the brink of default.
A combination of miscalculations, ideological rigidity and discord within the leadership of both political parties brought the U.S. government to the brink of default during the 2011 showdown over the federal debt ceiling, according to a new book by journalist Bob Woodward.