Tuesday, May 22, 2018

House Speaker John Boehner threatens another debt-ceiling fight

WASHINGTON —The capital braced Tuesday for a replay of last summer's tense battle over the burgeoning national debt as House Speaker John Boehner threatened again to block an increase in the federal debt ceiling without significant new cuts in spending.

Treasury Secretary Timothy Geithner and other senior Democrats quickly blasted the Ohio Republican, arguing that his ultimatum could put the nation's credit rating — and the broader economy — at risk early next year, when the debt is expected to hit its $16.4 trillion limit.

Others noted that Boehner's call for fresh spending cuts comes as many Republicans are trying to roll back cuts adopted to satisfy GOP demands last summer, arguing that they fall too heavily on defense.

The dust-up followed the release early Tuesday of prepared remarks that Boehner later delivered at a summit staged by longtime deficit hawk Peter Peterson to encourage policymakers to take action to tame the debt. Participants, including senior lawmakers from both parties, agreed that that is unlikely to happen before the Nov. 6 election.

In January, policymakers face the first round of harsh, across-the-board spending cuts adopted last summer, as well as the expiration of a host of tax cuts that benefit every American household.

Comments

China reduces auto import duties effective July 1 following pledges to buy more U.S. goods, ease controls on industry

China reduces auto import duties effective July 1 following pledges to buy more U.S. goods, ease controls on industry
Updated: 2 hours ago

Palestinian foreign minister asks ICC to investigate Israel

Palestinian foreign minister arrives at International Criminal Court to ask for Israeli settlement policy investigation
Updated: 2 hours ago

Palestinian foreign minister arrives at International Criminal Court to ask for Israeli settlement policy investigation

Palestinian foreign minister arrives at International Criminal Court to ask for Israeli settlement policy investigation
Updated: 2 hours ago

EU says no clarity on US tariffs ahead of deadline

European Union Trade Commissioner Cecilia Malmstrom says the EU still has no clear idea whether U.S. President Donald Trump will slap tariffs on the bloc's steel and aluminum exports within two weeks
Updated: 2 hours ago

Here is the latest Florida sports news from The Associated Press

Here is the latest Florida sports news from The Associated Press
Updated: 2 hours ago
Voters choose nominees in Arkansas, Georgia, Kentucky, Texas

Voters choose nominees in Arkansas, Georgia, Kentucky, Texas

Four states will cast ballots Tuesday as the 2018 midterm elections take shape
Updated: 3 hours ago
School shooting not likely to decide Texas runoff races

School shooting not likely to decide Texas runoff races

Texas' primary runoff will test whether the national Democratic Party's establishment can overcome an insurgent wing more openly hostile to President Donald Trump
Updated: 5 hours ago
Trump wades deeper into abortion politics as midterms loom

Trump wades deeper into abortion politics as midterms loom

Trump offers catnip to conservative voters with a new administration push to strip funding from Planned Parenthood and other family planning clinics
Updated: 5 hours ago
Lawmakers to be allowed a review of Russia probe information

Lawmakers to be allowed a review of Russia probe information

Top FBI, Justice Department officials agree to "review" highly classified information from Russia probe with lawmakers
Updated: 6 hours ago
Vargas sharp after being skipped, Mets beat Marlins 2-0

Vargas sharp after being skipped, Mets beat Marlins 2-0

Jason Vargas returned to the rotation with five excellent innings, AJ Ramos pitched out of a bases-loaded jam in the sixth and the New York Mets beat the Miami Marlins 2-0
Updated: 8 hours ago