Ahead of Sunday Talks, White House Still Committed to Raising Taxes

Posted: Jul 09, 2011 10:57 PM

House Speaker John Boehner released this statement earlier today regarding the continuing budget/debt ceiling negotiations:

"Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes. I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase."

It looks like the negotiations are still in a gridlock, and the Democrats aren't budging on the tax hikes. Not encouraging.