House Republican Leaders Plan To Renege On Debt Ceiling Deal

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"House Republican Leaders Plan To Renege On Debt Ceiling Deal"

Last week, Speaker of the House John Boehner (R-OH) signaled during an interview with Fox Business that he was open to reneging on the budget deal the GOP crafted with Democrats last year during the debacle over raising the nation’s debt ceiling. Though the parties agreed in that deal on a spending level for the 2013 budget, Boehner is being pushed by the more conservative members of his party to cut even deeper.

And according to Reuters, that pressure has paid off, as both Boehner and House Majority Leader Eric Cantor (R-OH) are ready to cut below the level specified in the debt ceiling deal:

Republican leaders in the U.S. House of Representatives are ready to break a hard-fought budget deal with Democrats as they try to quell a revolt by conservatives who are insisting on deeper spending cuts ahead of the November elections.

House Republican aides said on Tuesday that House Speaker John Boehner and Majority Leader Eric Cantor were pressing for a modest $19 billion reduction of discretionary spending caps in this year’s Republican budget plan.

“I’m really disappointed that they’re considering a budget – violating the budget agreement that is now the law of this country. This was designed to avoid another government shutdown or a threat of a shutdown,” said Senate Majority Leader Harry Reid (D-NV). “We had a deal last August on the budget numbers, and we expect them to live with that deal,” Sen. Patty Murray (D-WA) has said. The end result of this standoff could be yet another impending government shutdown, as the government’s current spending authority expires on September 30.

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