Boehner Wants Smaller Debt Deal

    House Speaker John Boehner talks to the press following a political strategy session on Capitol Hill in Washington, Tuesday, June 14, 2011.  Boehner says GOP presidential hopeful Michele Bachmann did a "really good job" in Monday's debate. (AP Photo/J. Scott Applewhite)

    J. Scott Applewhite / AP Photo

    House Speaker John Boehner pulled out of debt-reduction talks on Saturday night, complaining that the White House is insisting on tax increases to help reduce the federal deficit. “Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes," Boehner said in a statement, stepping away from a deal that could have produced $4 trillion in savings. "I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase."

    Read it at The Washington Post