Boehner says broad debt deal unlikely

Reuters News
Posted: Jul 09, 2011 8:38 PM
Boehner says broad debt deal unlikely

WASHINGTON (Reuters) - An effort to craft a broad deal of up to $4 trillion in deficit-reduction appeared out of reach on Saturday as Republican leader John Boehner cited differences with the White House on taxes and proposed pursuing a more modest package.

"Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes," Boehner said in a statement. "I believe the best approach may be to focus on producing a smaller measure."

Boehner and Obama spoke by phone on Saturday.

(Reporting and writing by Caren Bohan; Editing by Bill Trott)