Watch Live at 11 a.m. ET: President Obama’s News Conference

President Obama is scheduled to hold a news conference at 11a.m. ET at the White House to update reporters on the status of debt talks.

Watch it live here:

Monday’s Morning Line analyzed the stakes around the talks:

The debt and deficit negotiations are now aimed at accomplishing two goals. The first goal for all sides sitting around the table is to get a deal in place by Aug. 2 to avoid any negative impact on the economy. The second goal, which is being pursued concurrently, is to emerge from the talks as the political winner.

For more on the debt talks:

• Can Obama, Congress Pull off a ‘Big Deal’ on Deficit Despite Political Perils?

• White House Chief of Staff Daley: U.S. Default ‘Will Not Happen’

• Sen. Cornyn to Obama: Take Tax Increases Off the Table

• Judy Woodruff: Amid All the Debate Over Debt, Where Does Job Growth Fit In?