Debt Talks Collapse, Again
John Boehner drops out of negotiations with White House
By John Johnson, Newser Staff
Posted Jul 22, 2011 5:13 PM CDT
House Speaker John Boehner speaks a news conference on Capitol Hill in Washington, Thursday, July 21, 2011.   (AP Photo/Susan Walsh)

(Newser) – So much for that "grand bargain." The debt talks between John Boehner and President Obama have collapsed yet again, with each side blaming the other, reports the Washington Post. What now? Obama summoned the leaders of both parties to the White House tomorrow morning to find a way out. "I expect them to have an answer in terms of how they intend to get this thing done in the course of the next week." He added that he remained "confident" of a deal if only because he didn't think Congress would be "irresponsible" enough to trigger a default. The deadline is Aug. 2.

"It’s hard to understand why Speaker Boehner would walk away from this kind of deal,” said Obama, making the case that he was being generous to Republican concerns. Boehner, however, said he and the president couldn't agree on taxes and entitlements. "The deal was never reached, and was never really close," he wrote to fellow lawmakers. “In the end we couldn’t connect. Not because of different personalities but because of different visions for our country." Read his full letter here.

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Showing 3 of 186 comments
JonmarkP
Jul 24, 2011 10:49 AM CDT
It's pure theater. Clinton/Obama have moved the Democratic Party far to the right of Nixon/Reagan. The whole filthy gang is deep in the pockets Wall Street, Banks, Transnational Corporations and War Profiteers. The people who own these two douche-bags are not about to let them default on the river of tax money they now enjoy.
Glasswalker
Jul 23, 2011 2:18 PM CDT
Republicans need to get their heads out of their asses. If you're not willing to make some concessions then you're not really negotiating; you're just showing up to continually insist that your demands be met. They are holding our nation ransom and playing chicken with our economy. KNOCK IT OFF ASSHOLES.
saucier111
Jul 23, 2011 12:04 PM CDT
Grover Norquest the apparent leader of the GOP, is one of jack abramoff old cronies who stole 84,000,000 from indian casinos and now presides in prison. America wake up this guy is the GOP role model. I would not trust this man with his hands in his own pockets.