Boehner says upcoming deficit legislation is solid

Reuters News
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Posted: Jul 15, 2011 10:39 AM
Boehner says upcoming deficit legislation is solid

WASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Friday that deficit reduction legislation due for a House vote next week is "a solid plan" for moving forward toward an increase in the U.S. debt limit.

The legislation, favored by Tea Party-backed lawmakers, would cut and cap federal spending while calling for adoption of a balanced budget amendment.

"We're far from the time for a last-ditch effort," Boehner told a news conference at which he criticized Democrats including President Barack Obama for producing no "real plan" with serious spending cuts.

(Reporting by David Morgan; Editing by Eric Walsh)