President Obama hosted congressional leaders at the White House Thursday for talks on raising the national debt ceiling. Obama called the meeting “constructive” and said negotiations would resume on Sunday.

President Obama: “Everybody acknowledged that we have to get this done before the hard deadline of August 2nd to make sure that America does not default for the first time on its obligations. And everybody acknowledged that there’s going to be pain involved politically on all sides, but our biggest obligation is to make sure that we’re doing the right thing by the American people.”