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Sunday, July 10, 2011

Debt negotiations: can a Deal be struck out? -ABC News

Before even that the President Obama could return to talks with the leaders of the Congress on the debt ceiling and the reduction of the deficit, Chairman of the House John Boehner from the CAP.

The talks are just some of the greatest political discussions since decades, but speaker Boehner, said Saturday night in a paper return that he is skeptical that an agreement could be found in a contract of $ 4 trillion.

"Despite the efforts of good faith to find common ground, the White House will not pursue a larger debt reduction agreement without these increases," Boehner said.

Instead of a large market as President Obama was hoping, Boehner said now that it focuses on the production of a smaller measure which "still responds to our call for spending reforms and cut more than the amount of any increase in debt limit.

Boehner said he wants to focus on a small contract of $ 2 trillion, as Vice President Joe Biden spoke with a bipartisan group before the participation of the President, as opposed to the $ 4 trillion deficit reductions agreement early today planned negotiations.

The White House issued a statement shortly after Boehner, stating that, while the President sees the tax issues of the country as imperative, the administration considers the demands by Republicans as an unfair burden on the middle class and the elderly.

"We cannot ask the bourgeoisie and the elderly all the burden of higher fees and budget cuts", White House Communications Director Dan Pfeiffer said Saturday night. "We need a balanced approach which seeks the very rich and special interests to pay their fair share as well and we believe that the American people agree.

While Boehner received pressure from tea party members, who are not willing to accept a compromise on the tax increase, the White House received rejection of Democrats wary of possible cuts to programs such as social security and Medicare.

Saturday night of the Boehner statement marked a major change in the tone around the negotiations of the debt, at a time when it seemed that a bipartisan agreement was imminent.

Contrary to his statement last night, Chairman Boehner hope Friday that an agreement could be struck.

"We hope that the Democratic counterparts will join us and take this opportunity to do something great for our economy, and frankly, for our future and to come back, I hope the Americans to work," Boehner said Friday.

After the bad Friday jobs report, which showed that the US economy has acquired only 18,000 new jobs in June, Boehner was not alone in calling for a compromise bipartisan cooperation. He was one of many leaders of the two parties.

President Obama called even negotiations an "extraordinary opportunity", saying that the American people expect both parties to work together to reach a compromise.

"The least they can expect from us, any more than they should expect," the President Obama said in remarks following Friday jobs report. "" "". I am ready to roll up my sleeves over the next several weeks and the months. I know that people in both parties are ready to do so. »

Despite the optimistic tone of the two parties, last week, it does not appear that the political disagreements will be resolved this weekend.

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