Breaking News Bar
updated: 9/11/2012 10:47 AM

Boehner expresses no confidence on budget deal

hello
Success - Article sent! close
 
Associated Press

WASHINGTON -- House Speaker John Boehner says he's not confident Congress can reach a budget deal and avoid a downgrading of the U.S. debt rating.

Moody's Investors Service said Tuesday that it would likely cut its "Aaa" rating on U.S. government debt, probably by one notch, if budget negotiations fail.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Boehner was asked at a Capitol Hill news conference how confident he was that such a step could be avoided. He said he wasn't confident at all.

The Ohio Republican stressed that the House has passed legislation to avoid the automatic, across-the-board cuts of $1.2 trillion from defense and domestic programs that kick in Jan. 2. He said the Senate needs to act and President Barack Obama needs to show some leadership.

Any real negotiations are not expected until after the November elections.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here