Boehner Previews Next Debt Limit Fight

House Speaker John Boehner (R-Ohio) announced Tuesday that he will only support raising the debt ceiling next year after lawmakers identify adequate spending cuts, mirroring the position he took during the same debate last summer.

“When the time comes I will again insist on my simple principle of cuts and reforms greater than the debt limit increase,” Boehner said during a fiscal summit in Capitol Hill. “This is the only avenue I see right now to force the elected leadership of this country to solve our structural fiscal imbalance.”

Boehner noted that he was open to stop-gap measures if lawmakers could not come to an acceptable agreement, a sign that next year’s negotiations may go smoother than last year’s zero hour struggle.

The Speaker noted that like last summer, he would not accept tax increases as part of the deal. In fact, Boehner said, the House will press to extend the costly Bush era tax cuts prior to this year’s election. Boehner argued that allowing the cuts to expire will have a crippling effect on the economy.

Last year’s debt ceiling negotiations ended after both chambers agreed to form a 12 person “supercommittee” tasked with finding $1.2 trillion in cuts over the next decade or face automatic cuts among military and domestic spending in 2013. The supercommittee ultimately failed, leaving both parties at odds over how to thwart the automatic cuts.

About TRNS Washington Desk

View all posts by TRNS Washington Desk
TRNS Washington Desk
News updates from on and around Capitol Hill.

New Index Shows Linkage Between Culture And Opportunity

A new index compares how our culture determines the level of opportunity in America.

TRNS News Notes- 7/25

Border: House GOP to huddle today
Refugee status for Honduran youths?
Border: House GOP freak-out
Gaza: Kerry proposes weeklong halt
MH17: EU sanctions? Investigation stuck?

No UN Staff Killed In Gaza School Shelling

15 Palestinian civilians were killed and hundreds wounded in Thursday’s attack against a UNRWA school in northern Gaza city of Beit Hanoun.

Click here for: Friday, July 25

● GOP voters eagerly await elections

● Appeals court rejects antibiotic petitions

● Nicotine-like pesticides pollute Midwestern streams

● FOIA lawsuit is embedded in an FOIA lawsuit

● San Francisco renters’ ordinance hit by lawsuit

● Secret pact suppresses food safety

Cruz: Obama Is “Fundraiser In Chief”

“There is one and only one way to solve this crisis,” Cruz said. “Eliminate the promise of amnesty.”

Admin Official: ISIS Poised To Spread

“They are training in Syria and are recruiting over social media which is something that we have never seen before,” said McGurk.