Congressman Michael McCaul (R-TX 10) released the following statement after the President's meeting with House Republicans:
"Today President Obama spoke with the entire House Republican Conference for the first time in over two years and I am cautiously encouraged by what I heard from him. The President's acknowledgment that we must reform entitlements in order to significantly cut spending represents a commitment to tackling our exploding debt. Entitlements are the biggest drivers of our spending and must be reformed to bring spending under control. I urge the President to use hispolitical capital to work with the Democratically controlled Senate on a responsible plan contrary to its latest proposal that raises taxes more than it cuts spending."