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
Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article