Boehner Demands Trillions In Cuts In Exchange For Debt Vote

The House speaker takes a hard line on increasing the nation's borrowing limit. A top Democrat says he's 'playing with fire.'House Speaker John A. Boehner said Monday that Republicans wanted trillions in budget cuts in exchange for their vote to increase the nation's borrowing limit and avoid default, adopting a hard line on the party's position in a speech before major players on Wall Street.

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