SAN FRANCISCO (CBS SF) — Democratic Leader Nancy Pelosi said there is “No time to waste” in reaching an agreement to reduce national debt.

Pelosi issued the statement a day before meeting with the ‘Fix the Debt’ leaders.

READ MORE: Belmont Police Say Missing Mother, Son Found Safe

‘Fix the debt’ is a Washington-based coalition, which advocates lower taxes, and lowering the national debt.

READ MORE: Helicopter With 4 Aboard Crashes in Colusa County North of Sacramento

“We look forward to hearing from voices across the private sector as we work together to reach a balanced agreement,” said Pelosi.

MORE NEWS: McCarthy Jokes About Hitting Pelosi With Gavel If GOP Retakes House in 2022

(Copyright 2012 by CBS San Francisco. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)