Obama set for debt negotiations all week - official

WASHINGTON, July 10 (Reuters) - President Barack Obama told top U.S. lawmakers on Sunday to be prepared to meet every day this week to hash out a deal to cut the federal budget and raise the debt limit, a Democratic source with knowledge of the talks said.

The Democratic official said that Obama pressed Republicans at a White House meeting to aim for a broad, $4 trillion deficit-reduction package rather than a more modest one.

"If not now, when?" the president asked them when some said it was not the right time to try to craft a far-reaching deal, the official said. (Reporting by Caren Bohan; editing by Philip Barbara)