UPDATE: Obama and GOP fail to reach deal on shutdown and debt limit

BY newsdesk  October 10, 2013 at 6:40 PM EST

Updated 7:30 p.m. EDT | The New York Times has stepped back on its initial report that Obama rejected House GOP’s short-term proposal. The report now says that Obama and GOP “fail to agree.”

Despite House Majority Leader Eric Cantor’s insistence that the White House meeting with President Barack Obama was “useful,” The New York Times has reported that the president rejected House Republicans’ proposal for a short-term debt limit plan.

The White House also released a statement saying that “after a discussion about potential paths forward, no specific determination was made.”

H/T Sam Lane