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 Local Sports

Report: Blazers assistant coach fired after Aldridge remarks

Fresh
olshey

Portland's president of basketball operations Neil Olshey confirmed the news to the Oregonian.

in Local Sports

A’s end home skid against King Felix, beat Mariners

Oakland Athletics manager Bob Melvin talks with umpires Adam Hamari, left, and Bill Miller, right, after the Texas Rangers' Carlos Corporan was given a base after being hit by a pitch from A's starter Kendall Graveman in the second inning of their baseball game Thursday, April 9, 2015, in Oakland, Calif. Texas won the game 10-1.

The A's only scored twice off Hernandez but peppered him for 10 hits — the most he has allowed this season.

in Sports

Women’s World Cup: England beats Germany to finish 3rd

The England women's national team celebrating after beating Germany 1-0 in the 2015 Women's World Cup to earn 3rd place

England's victory over the top-ranked Germans came after a gut-wrenching 2-1 semifinal loss to Japan that was decided on an own goal on Wednesday.

in Sports

Wimbledon: Defending champ Kvitova upset, Federer advances

Petra Kvitova of the Czech Republic makes a return to Kurumi Nara of Japan during their singles match at the All England Lawn Tennis Championships in Wimbledon, London, Thursday July 2, 2015. (AP Photo/Alastair Grant)

Madison Keys and Caroline Wozniacki also posted victories on the women's side.

in Local Sports

Bye bye Blazers: LaMarcus Aldridge chooses the San Antonio Spurs

Portland Trail Blazers power forward LaMarcus Aldridge (12) celebrates after scoring in the second half of an NBA basketball game against the Dallas Mavericks Wednesday, Feb. 6, 2013, in Dallas. The Mavericks won 105-99.

The Dallas native says on Twitter, "I'm happy to say I'm going home to Texas and will be a Spur!! I'm excited to join the team and be close to my family and friends."