Boehner: GOP will pass 'responsible' debt bill
WASHINGTON - Speaker John Boehner says the GOP-controlled House will "do its job" and pass legislation to lift the nation's borrowing cap and keep the government running, but will insist that Democrats accept new spending controls.
Boehner acknowledged Monday that failing to lift the so-called debt ceiling would have bad consequences. But he also said that "allowing our spending problem to go unresolved" would be just as troublesome.
Without congressional action, the government would have to default on its obligations, a prospect that could send markets into a spiral and do broader harm to the fragile economy.
The Ohio Republican's statement came after President Barack Obama told reporters he was willing to negotiate on the budget but wouldn't allow the debt ceiling to be held captive in the process.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Vehicle burglaries on the rise in Ascension Parish
La, Miss abortion laws similar to overturned Texas law
Paramedic describes chaotic scene after getting hit by alleged drunk driver
Blessings on the Bayou lends helping hand to Labadieville homeowners
First dolphin rescued and released near Grand Isle thriving in the wild