Connect to share and comment

GOP Speaker Boehner: 'We're not going to default' on debt

PlacardEnlarge
(Globalpost/GlobalPost)

WASHINGTON - House Speaker John Boehner promises that the GOP-controlled House won't miss a late-February deadline to increase the government's borrowing cap.

The Ohio Republican said Thursday "we're not going to default on our debt" and he held open the possibility that the House could consider a debt limit increase that's "clean" of any GOP add-ons.

Boehner is struggling to win enough support among Republicans to pass a debt limit measure without help from Democrats and has discarded ideas like attaching a provision mandating Obama administration approval of the Keystone XL pipeline to the must-pass measure.

The government reaches its borrowing limit on Friday and Treasury secretary Jacob Lew is employing bookkeeping manoeuvrs to buy a few weeks' time for Congress to act.

http://www.globalpost.com/dispatch/news/the-canadian-press/140206/gop-speaker-boehner-were-not-going-default-debt