Surprise, Surprise: Another Debt Ceiling Standoff Looms

Boehner talks tough ahead of president's speeches

By John Johnson,  Newser Staff

Posted Jul 23, 2013 1:53 PM CDT

(Newser) – See if this sounds familiar: The White House and House Republicans appear headed toward a standoff over the debt ceiling this fall, reports NBC News. That's after John Boehner's statement this morning: “We're not going to raise the debt ceiling without real cuts in spending. It's as simple as that.” Democrats such as Harry Reid and Chuck Schumer said last week that Congress should pass an extension of the debt ceiling without strings attached, reports Bloomberg.

Both sides appear to be jockeying for public opinion, with Boehner getting out ahead of President Obama's planned speeches on the economy starting tomorrow, reports the Hill. Boehner warned that Obama would be laying the ground for tax hikes. Treasury chief Jack Lew says the nation has enough money to operate without new borrowing until about Labor Day.

President Obama and House Speaker John Boehner in 2012.   (AP Photo/Carolyn Kaster, File)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
3%
3%
5%
16%
7%
67%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   MSN Living   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   Biography   |   Barstool Sports   |   OK!