House Speaker Boehner: last offer still on table

Reuters News
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Posted: Jul 24, 2011 9:43 AM
House Speaker Boehner: last offer still on table

WASHINGTON (Reuters) - Republican House of Representatives Speaker John Boehner said Sunday that he would prefer to unveil a bipartisan deal to raise the debt ceiling and that his last offer to Democratic President Barack Obama was still on the table.

Boehner said that his offer that included some $800 billion in new tax revenue reforms and massive spending cuts was never withdrawn, often dubbed the "grand bargain," but that he would move forward on a Republican plan if a bipartisan deal could not be reached.

(Reporting by Jeremy Pelofsky, editing by Will Dunham)