(CNN) - A fourth straight day of negotiations intended to head off a possible government default ended on a tense note Wednesday, with House Majority Leader Eric Cantor and President Barack Obama squaring off over the Republican's call for a short-term extension of the federal debt ceiling.
Cantor, R-Virginia, told reporters after Wednesday's meeting that he proposed a short-term agreement to raise the federal debt ceiling, a position Obama has previously rejected.
"That's when he got very agitated and said I've sat here long enough - that no other president - Ronald Reagan - would sit here like this - and that he's reached the point that something's gotta give," Cantor said, adding that Obama called for Republicans to compromise on either their insistence that a debt-ceiling hike must be matched dollar-for-dollar by spending cuts or on their opposition to any kind of tax increase.
"And he said to me, 'Eric, don't call my bluff.' He said 'I'm going to the American people with this,' " Cantor quoted Obama as saying.
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