06/29/2011 08:16 am ET | Updated Aug 29, 2011

Obama Press Conference: President Answers Questions In Midst Of Debt Ceiling Negotiations

WASHINGTON (AP) — President Barack Obama is holding a news conference on Wednesday morning, his first full formal news session with the press since March.

Obama will answer questions in the midst of his debt and budget negotiations with Congress.

The president has had more limited question-and-answer sessions with reporters during his recent European trip and a session with German Chancellor Angela Merkel this month.

The budget negotiations are certain to dominate the conference, although the U.S. role in Libya and the drawdown of forces in Afghanistan are likely topics as well.

The White House wants a deal on the budget that includes new tax revenues, a proposal Republicans have opposed.
Republicans want an agreement to reduce long-term deficits by at least $2 trillion before agreeing to increase the nation's borrowing limit.