Senate Majority Leader Sen. Harry Reid, D-Nev., speaks during a news conference on debt ceiling legislation on Capitol Hill on Saturday, July 30, 2011, in Washington. White House aides said Obama would receive an update Saturday from Reid and House Minority Leader Nancy Pelosi. (AP Photo/Evan Vucci)

Associated Press
Senate Majority Leader Sen. Harry Reid, D-Nev., speaks during a news conference on debt ceiling legislation on Capitol Hill on Saturday, July 30, 2011, in Washington.  White House aides said Obama would receive an update Saturday from Reid and House Minority Leader Nancy Pelosi. (AP Photo/Evan Vucci)
Senate Majority Leader Sen. Harry Reid, D-Nev., speaks during a news conference on debt ceiling legislation on Capitol Hill on Saturday, July 30, 2011, in Washington. White House aides said Obama would receive an update Saturday from Reid and House Minority Leader Nancy Pelosi. (AP Photo/Evan Vucci)
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