Obama : White House spokesman says all the Republicans in the House agree on the need for a deal . Congress will vote this day on the GOP ` ` cut , cap and balance '' plan , they say . Obama will veto the GOP ` ` cut , cap , and balance '' plan if it reaches his desk . The United States must raise its $ 14.3 trillion debt ceiling by August 2 or risk a default .
NEW : White House spokesman says all the leaders in the talks agree on the need for a deal . Congress will vote this week on the GOP `` cut , cap and balance '' plan , aides say . Obama will veto the GOP `` cut , cap , and balance '' plan if it reaches his desk . The United States must raise its $ 14.3 trillion debt ceiling by August 2 or risk a default .