Tags: Debt Showdown | Boehner

Boehner Confident Government Won't Default

Friday, 22 Jul 2011 08:17 PM

House Speaker John Boehner says he's confident congressional leaders will be able to come together to avoid a government default in the wake of the collapse on budget talks with President Barack Obama.

Boehner accused Obama of "moving the goal posts" by demanding $400 billion in tax increases on top of about $800 billion in revenues that would have been reaped through a comprehensive rewrite of the tax code.

The Ohio Republican said he'll be attending a White House meeting Saturday morning aimed at coming up with a fallback plan to raise the government's borrowing cap — but he said spending cuts of a commensurate size will still have to be attached.

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