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| | |-+  Debt Ceiling 2: Debt Harder
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Author Topic: Debt Ceiling 2: Debt Harder  (Read 288 times)
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« on: May 17, 2012, 11:20:06 am »

By Richard Cowan and David Lawder

WASHINGTON (Reuters) - House of Representatives Speaker John Boehner drew an election-year battle line over the U.S. borrowing limit on Tuesday, saying he would back another increase at year-end only if it was offset by a larger package of spending cuts.

Drawing quick fire from President Barack Obama's Democrats, Boehner said he would "insist on my simple principle of cuts and reforms greater than the debt limit increase."

His remarks to a Peterson Foundation fiscal forum reopened last year's grueling battle over raising the debt cap, which allows the government to spend more than it takes in.

« Last Edit: May 17, 2012, 09:40:49 pm by ag »Logged
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