Boehner says lawmakers seek debt limit solution

Reuters News
|
Posted: Jul 23, 2011 2:43 PM
Boehner says lawmakers seek debt limit solution

WASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Saturday he and other congressional leaders are seeking a bipartisan solution to raise the debt limit by an August 2 deadline and avoid a U.S. default.

In a statement issued after a White House meeting with President Barack Obama and Democratic and Republican congressional leaders, Boehner said:

"House and Senate leaders will be working to find a bipartisan solution to significantly reduce Washington spending and preserve the full faith and credit of the United States."

(Reporting by Donna Smith; Editing Todd Eastham)