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Thu, 03/07/2024 - 11:20
Submitted by maithuy on Sat, 07/23/2011 - 09:15
House Speaker John Boehner walked away from debt talks with President Barack Obama's administration on July 22, raising the stakes in the country's ongoing effort to stave off national default.

"In the end, we couldn't connect. Not because of different personalities, but because of different visions for our country," Boehner wrote in a letter to his fellow Republicans.

The House speaker said that "a deal was never reached, and was never really close."

"For these reasons, I have decided to end discussions with the White House and begin conversations with the leaders of the Senate in an effort to find a path forward," he wrote.

Speaking to reporters soon after news of Boehner's decision broke, a visibly frustrated Obama said that he has told the Republican and Democratic leaders in Congress to come to the White House on July 23 to "explain to me how we are going to avoid default" on the nation's debt.

The president said his administration had offered "an extraordinarily fair deal" to cut expenditures and raise revenues, in return for Congress agreeing to hike the nation's debt ceiling. But he said that Boehner "left (him) at the altar" by ending negotiations at around 5:30 pm on July 22.

"I remain confident that we will get an extension of the debt limit and we will not default. I am confident of that," Obama said. "I am less confident at this point that people are willing to step up to the plate and actually deal with the underlying problem of debt and deficits. That requires tough choices."

Speaking after Obama did, Boehner accused the White House of "moving the goalposts" by requesting an additional US$400 billion in revenue hikes, a move that he said prompted his decision to call off talks with the president.

The Ohio Republican said members of Congress now "will work together", absent representatives from the White House, to reach a deal that involves spending cuts and raising the nation's debt ceiling. He said he is confident that the government will act to avoid default.

CNN/VOVNews

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