Concession

Boehner: There’s No Debt Crisis

Chip Somodevilla/Getty,Chip Somodevilla

Speaker of the House John Boehner (R-OH) (C) answers reporters' questions after the weekly House Republican caucus meeting with (L-R) Rep. Kevin McCarthy (R-CA), Rep. Lynn Jenkins (R-KS), Majority Leader Eric Cantor (R-VA) and Rep. Steve Daines (R-MT) at the U.S. Capitol March 5, 2013 in Washington, DC.

Did the president and John Boehner just agree on something? After discussing the budget behind a closed-door meeting with President Obama on Sunday, House Speaker Boehner agreed with the president and said in an interview with ABC's This Week that there is no immediate debt crisis. He did however say that the president and Congress must reform entitlements "that are not sustainable in their current form" because otherwise they will go bankrupt. He also took issue with a statement Obama made in an ABC interview that said it doesn't make sense to "chase a balanced budget just for the sake of balance." Boehner countered that balancing the budget in 10 years, in accordance with House Republicans' new spending plan, is a priority important to the economy.