Boehner:Spending Cuts Must Exceed Debt Limit Hike

Monday, 09 May 2011 04:34 PM

WASHINGTON (Reuters) - U.S. House Speaker John Boehner Monday said that any deal to raise the country's debt ceiling must include spending cuts that exceed the amount of new borrowing authority.

Boehner, a Republican, said in prepared remarks that tax hikes could not be a part of the solution to get the country's debt to a sustainable level, but everything else should be up for discussion -- including a controversial plan to overhaul the Medicare health-insurance program for the elderly.

(Reporting by Richard Cowan and Andy Sullivan; Editing by Jackie Frank)

© 2015 Thomson/Reuters. All rights reserved.

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