John Boehner: 'trillions' In Spending Cuts Loom On Debt Ceiling Vote

WASHINGTON — The top Republican in Congress wants trillions of dollars in spending cuts as part of must-pass legislation allowing the federal government to continue borrowing to keep it operating and meeting obligations to investors.House Speaker John Boehner also says that any legislation to raise the so-called debt limit beyond its current $14.3 trillion cap should be accompanied by spending cuts larger than the amount of the permitted increase in the debt.Read More... More on John Boehner

 

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