Boehner: no long-term U.S. debt hike without Senate budget action
WILLIAMSBURG, Va (Reuters) - U.S. House Speaker John Boehner said on Friday there should be no long-term increase in the federal debt limit until the Senate passes a budget, and House Republicans will try to force the Senate into action to cut spending.
"We are going to pursue strategies that will obligate the Senate to finally join the House in confronting the government's spending problem. The principle is simple: no budget, no pay," Boehner said in excerpts of his closing remarks to a Republican House retreat.
The Senate has not passed a formal budget resolution in nearly four years, as Congress has relied largely on stop-gap funding measures to keep government agencies and programs running.
(Reporting by David Lawder; Editing by Jackie Frank)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
Barack Obama in India
The United States and India have broken an impasse standing in the way of civil nuclear trade, Indian TV channels reported on Sunday as U.S. President Barack Obama and Indian Prime Minister Narendra met in New Delhi for talks. Full Article
Indian economic growth forecasts pegged back, despite rate cuts: Reuters Poll. Full Article