Boehner to Seek Smaller $2 Trillion Deal – WSJ.com

Boehner to Seek Smaller $2 Trillion Deal – WSJ.com.

House Speaker John Boehner (R., Ohio)

WASHINGTON–House Speaker John Boehner (R., Ohio) said the White House and congressional leaders have stopped pursuing the major deficit-reduction deal tackling entitlement programs and an overhaul of the tax code that he and President Barack Obama had been seeking.

“Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes,” Mr. Boehner said. “I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase.”

Mr. Boehner’s statement comes in advance of talks between the White House and the top eight leaders in Congress scheduled to be held Sunday night. The White House didn’t have any immediate comment.

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