Boehner Expresses No Confidence on Budget Deal

Tuesday, 11 Sep 2012 12:09 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

House Speaker John Boehner says he's not confident Congress can reach a budget deal and avoid a downgrading of the U.S. debt rating.

Moody's Investors Service said Tuesday that it would likely cut its "Aaa" rating on U.S. government debt, probably by one notch, if budget negotiations fail.

Boehner was asked at a Capitol Hill news conference how confident he was that such a step could be avoided. He said he wasn't confident at all.

The Ohio Republican stressed that the House has passed legislation to avoid the automatic, across-the-board cuts of $1.2 trillion from defense and domestic programs that kick in Jan. 2. He said the Senate needs to act and President Barack Obama needs to show some leadership.

Any real negotiations are not expected until after the November elections.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Edward Snowden: NSA Shared Americans Private Communications with Israel

Wednesday, 17 Sep 2014 13:46 PM

Former US intelligence analyst Edward Snowden has accused the US National Security Agency of routinely passing private,  . . .

Robert Gates: ISIS Can't Be Defeated Without US Ground Troops

Wednesday, 17 Sep 2014 13:14 PM

President Barack Obama forcefully reaffirmed that he won't send American troops into combat in Iraq amid fresh questions . . .

Barbra Streisand: 'We Have Advanced With Obama'

Wednesday, 17 Sep 2014 12:50 PM

Barbra Streisand's new album of duets only includes male singers, but it wasn't a conscious effort to exclude females. E . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved