House Of Representatives, U.s. Debt | featured news

Boehner to push for smaller debt deal

Talks to reach a more ambitious deficit-reduction deal effectively broke down on Saturday, House Speaker John Boehner said, as he and fellow Republicans resisted any White House attempts that could increase taxes.

 

Hoyer: U.S. debt limit to rise by at least $1.8T

Increase is much larger than previously planned, but is necessary to avoid defaulting on debts next year, House majority leader says.

 

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