House Speaker John Boehner thinks we need to set our sights lower in the debt ceiling debate after meeting with the president. Here is what he said in a statement:
Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes. I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase.
At least initially, it looks like the speaker is holding the line on taxes and arguing short-term deal is necessary to raise the debt ceiling.