WASHINGTON (AP) - President Barack Obama says after eight years of a "continued deterioration in the government's balance speech" Republicans and Democrats are concerned about the legacy they're leaving the next generation.
The president spoke at the conclusion of a fiscal responsibility summit held with top lawmakers and economists at the White House on Monday.
Obama stressed the renewed willingness of the group to tackle tough issues such as Social Security, health care and the nation's financial ills.
Obama said several lawmakers agreed to tackle health care this year which offers "extraordinary promise as well as peril."
After brief remarks, Obama took questions from the participants, including his former rival for the presidency - Republican Sen. John McCain of Arizona.
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