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Wednesday, May 16, 2012

Boehner Digs in For Next Battle on Debt

House Speaker John A. Boehner on Tuesday set the stage for an end-of-year debt showdown, saying he will once again insist any increase in the federal borrowing limit be matched dollar-for-dollar with spending cuts elsewhere.

The last time he made that vow — ahead of last August’s debt deadline — the government teetered on the brink of a partial shutdown before he and President Obama agreed to a deal that matched an immediate debt boost to possible future spending cuts.

Mr. Boehner, Ohio Republican, said he considers that deal a precedent, and from now on every request for more debt will have to be accompanied by an equal cut in spending.

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