Business Breaking News

The Canadian Press - ONLINE EDITION

Speaker Boehner rules out higher taxes after meeting with Obama, Hill leaders on spending cuts

By: The Associated Press

Saturday, Mar. 2, 2013 at 11:19 AM | Comments: 0

House Speaker John Boehner of Ohio speaks to reporters outside the White House in Washington, Friday, March 1, 2013, following a meeting with President Barack Obama and Congressional leaders regarding the automatic spending cuts. (AP Photo/Carolyn Kaster)

WASHINGTON - House Speaker John Boehner, emerging Friday from a White House meeting with President Barack Obama and congressional leaders, declared that higher taxes won't be part of any deal to solve the country's budget mess.

No closer to a deal to undo $85 billion in automatic spending cuts taking effect Friday, Boehner said the House will move ahead next week with legislation to keep the government running beyond March. He said he hopes the country won't have to deal with the threat of a government shutdown.

Boehner's office, in a statement describing the meeting, said he and Senate Republican leader Mitch McConnell told Obama they're willing to close loopholes but only to lower taxes overall, not to replace spending cuts. Obama and congressional leaders agreed that Congress should pass a bill funding the government while they keep working on a way to replace the spending cuts, Boehner's office said.

His office said Boehner told the president the best way to resolve the cuts now would be through the regular lawmaking process, rather than congressional leaders cutting a deal with Obama.

Rate this
This article has not yet been rated.

We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

You can also register and/or login to the site and join the conversation by leaving a comment.

Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Comments

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Comment

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.