News

Boehner: U.S. ‘Shouldn’t even get close to’ debt default

Boehner: U.S. ‘Shouldn’t even get close to’ debt default

DEBT CEILING: U.S. House Speaker John Boehner (R-OH) gestures as he speaks at a news conference on Capitol Hill in Washington Jan. 16. Photo: Reuters/Yuri Gripas

WASHINGTON (Reuters) – House Speaker John Boehner on Thursday said the United States should avoid a major fight over raising the federal debt ceiling that brings the United States close to a default.

After passage of a $1.1 trillion spending bill, the only major fiscal hurdle facing Congress over the next nine months is an increase in the $17 trillion debt ceiling that is expected to be needed in as little as six weeks.

Boehner told a news conference that the United States should not default on its debt and “shouldn’t even get close to it.”

He did not say whether Republicans would tie an increase in the debt ceiling to demands for additional deficit reduction.

An extension of U.S. borrowing authority is due to expire on February 7, but the Treasury Department has said its extraordinary cash management measures can allow it to keep issuing new debt until late February or early March.

“I would hope that the House and the Senate would act quickly on a bill to increase the debt limit,” Boehner said, without speculating on when such legislation could begin moving forward in Congress.

Speaking to reporters at his weekly press conference, Boehner was asked whether he would engage in direct negotiations with President Barack Obama on a new deficit-reduction package as part of the effort to increase the debt limit.

Boehner rejected that idea, saying, “there’s not much really to talk about” because Obama has said he would not negotiate on the debt limit.

Past one-on-one budget negotiations between Obama and Boehner have largely ended in failure.

The Ohio Republican also said that “we find ourselves in a fairly difficult box” because Obama and his fellow Democrats insist on tax increases as part of any major new deficit-reduction and “Republicans are not going to raise taxes.”

(Reporting By Richard Cowan and David Lawder; Editing by Chizu Nomiyama)

Recent Headlines

in Sports

Aaron Hernandez trail delayed by bomb threat

Former New England Patriots football player Aaron Hernandez listens during a motion regarding jail phone recordings during his murder trial at the Bristol County Superior Court in Fall River, Mass., on Wednesday, March 25, 2015. Hernandez is accused in the June 2013 killing of Odin Lloyd.

A bomb threat has delayed proceedings of the Aaron Hernandez murder trial.

in National, World

Police search house of pilot who crashed A320

Police hold media away from the house where Andreas Lubitz lived in Montabaur, Germany, Thursday, March 26, 2015. Lubitz was the copilot on flight Germanwings 9525 that crashed with 150 people on board on Tuesday in the French Alps. (AP Photo/Michael Probst)

The co-pilot of the airliner that crashed in the French Alps, killing all 150 people aboard, appears to have brought the plane down deliberately.

in National, World

PHOTOS: Crash of Germanwings Flight 9525

AP41207304817_9

All 150 people on board the jet - including three Americans - were killed Tuesday when it crashed in the French Alps.

in Lifestyle

Eyes on the road: AAA says distracted driving worse than we thought

driving

You know how some people insist they can drive safely — even while they fiddle with their smartphones or other electronic devices? They can't.

in Sports

GPS can’t help Cubs pitcher find his way

edwinjackson

You've heard of baseball pitchers who have trouble finding the plate. How about a pitcher who can't even find the ballpark?