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Republican calls for plan from the White House on long-term debt

For their first meeting since the 2010 midterm elections, President Obama hosted the entire House Republican Caucus at the White House this morning to discuss the budget and debt crisis. Rep. Tom Price (R-GA), Republican Policy Chair and member of the Budget Committee, told NBC's Andrea Mitchell today on MSNBC’s Andrea Mitchell Reports that "it was a very frank exchange, and it was a sincere exchange on both sides,” but criticized the president for being too much talk and too little action.

Rep. Tom Price, R-Ga., recaps the meeting between President Barack Obama and the Republican House delegation about the budget battle.

“The problem that we have is that his words rarely match his deeds or his actions,” Price said. “And, so, we're very concerned that if we get the same kind of policies that we have seen out of this White House that we will not be creating jobs in this country and won't be decreasing spending, which we think are the key elements that the American people are interested in.”

Though Price said the president was "on board" with decreasing spending and creating jobs, he doubted whether House Republicans and the White House could reach an agreement on a bipartisan approach.

“The president said what he believed ought to be done is short-term solutions, mid-term solutions and long-term solutions,” Price said.  “So he has, again, adopted the points that we have been making, whether or not we're able to translate that into real policy and agreement on that policy is yet to be determined. But we clearly understand the gravity of this situation.”

With the next round of talks scheduled for June 9, Price called upon the White House to produce a concrete plan to decrease federal spending and increase jobs, pointing out that Republicans have already submitted their proposal.

“We need a plan,” Price said. “We need a plan from the White House about how we're going to address the fundamental challenges. If we get that, then we may actually have some opportunity for discussion.”