House Speaker John Boehner on Friday sent an unequivocal message to naysayers in his party who doubt there will be a fiscal upheaval if Congress fails to raise the nation’s debt ceiling by the August deadline set by the Obama administration.
“While some think we can go past Aug. 2, I frankly think it puts us in an awful lot of jeopardy -- and puts our economy in jeopardy -- risking even more jobs,” Boehner told reporters.
Still, the speaker expressed his own deep skepticism that a broad budget deal could be struck in the days ahead.
“It’s not like there’s an imminent deal about to happen,” Boehner said. “There are serious disagreements about how to deal with this very serious problem.”
Boehner has indicated an willingness to engage with the White House on crafting a politically difficult grand bargain to reduce federal deficits by as much as $4 trillion over the next decade.