Boehner: Debt limit options ‘narrower’
Speaker John Boehner (R-Ohio) on Tuesday conceded that the GOP’s options for extracting concessions on the debt limit “continue to be narrower,” in the latest indication that party leaders want to avoid an all-out confrontation that could risk default.
{mosads}House Republicans will discuss plans to raise the debt limit at the annual retreat on the Eastern Shore of Maryland beginning Wednesday, but they have all but abandoned their hopes of linking an increase in the borrowing authority to a major deficit-reduction deal.
After a party meeting on Tuesday, Boehner noted President Obama’s refusal to negotiate over the debt limit and his opposition to any deal on entitlement spending without further tax hikes, which Republicans wouldn’t consider. He said the GOP does not want a first-ever default on U.S. debt payments.
“And so the options available continue to be narrower in terms of how we address the issue of the debt ceiling, but I’m confident we’ll be able to find a way,” Boehner said.
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