Tags: Congress | Debt Limit

Party Leaders Refuse to Budge on Debt Positions

Sunday, 20 May 2012 03:20 PM EDT

Republicans and Democrats aren't budging when it comes to their already hardened positions on spending cuts versus tax increases to deal with the nation's debt.

House Speaker John Boehner and Majority Leader Mitch McConnell both said Sunday that when Congress is asked to raise the nation's borrowing cap after the election, they'll insist on spending cuts to offset the increase. McConnell said it was the "perfect time" to have a broader debt discussion.

Meanwhile, top Democratic leaders said the GOP stance was irresponsible. Minority Leader Nancy Pelosi said that Boehner "wants to go over the edge."

A partisan showdown over the debt ceiling issue last year caused a downgrading of the U.S. government's credit rating.

Boehner and Pelosi spoke on ABC's "This Week." McConnell appeared on CBS' "Face the Nation."

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


130
2012-20-20
Sunday, 20 May 2012 03:20 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved