House Speaker John Boehner on Thursday continued to call for greater spending cuts and held firm on President’s Barack Obama’s request for unlimited authority to increase the debt ceiling.
“The president wants to pretend spending isn’t the problem. That’s why we don’t have an agreement,” he said, pointing to a chart prepared by House Budget Chairman Paul Ryan on projected spending, with the Twitter hashtag #spendingistheproblem.
Significant differences remain between Boehner, the Republican negotiator and the White House over a deal that would avert the fiscal cliff at year end. If no deal is reaches a series of tax hikes and spending cuts which total at least $500 billion will hit the U.S. economy beginning next year.
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