Boehner demands trillion-dollar cuts in debt deal

U.S. House Speaker John Boehner addresses the Economic Club
of New York in New York, Monday, May 9, 2011. The Economic Club
of New York is a non-political, non-partisan and non-profit organization
with members from the executive levels of business, industry and finance.

◼ House Speaker John Boehner, R-Ohio, on Monday said the federal budget should be trimmed by trillions of dollars, at least enough to cover any additional borrowing the government would do if Congress agrees to raise the nation's debt limit. - Susan Ferrechio/Washington Examiner

"Without significant spending cuts and reforms to reduce our debt, there will be no debt-limit increase," Boehner warned.

◼ Boehner declares tax hikes ‘off the table,’ drawing White House rebuke - Washington Post

Asked whether “raising taxes is a nonstarter,” Boehner replied: “It’s off the table. Everything else is on the table.”