Boehner: has no control over possible U.S. downgrade

Reuters News
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Posted: Jul 28, 2011 2:14 PM
Boehner: has no control over possible U.S. downgrade

WASHINGTON (Reuters) - House of Representatives Speaker John Boehner, the top Republican in Congress who has put forward a deficit reduction plan to be voted on later on Thursday, said he had no control over whether his bill would avert a credit downgrade.

Asked if the House would remain in session this weekend, Boehner said "sure."

The Treasury has said it will not be able to borrow more funds after August 2, raising the prospect of a government default. However, analysts say the government may have enough cash on hand to pay its bills until the middle of the month. Boehner said he did not want to wait until after August 2 to try to get a better deal.