Tags: Debt Limit Republicans

Boehner: Spending Cuts Must Accompany Debt Limit

Thursday, 06 Jan 2011 01:34 PM

WASHINGTON — House Speaker John Boehner says any increase in the nation's debt limit must include steps to cut federal spending.

The Ohio Republican says the country cannot default on its debt, but neither can it continue to borrow recklessly.

His statement comes after the Obama administration notified lawmakers that the government will reach the current debt limit of $14.3 trillion this spring.

The debt limit sets a ceiling on the government's borrowing authority.

Boehner says in his statement that it's up to Congress and President Barack Obama to work together to rein in spending.

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