WASHINGTON (AP) — Republicans invited to a White House meeting with President Barack Obama on the troubling national debt are trying to build up pressure for trillions in spending cuts in exchange for any increase in the government's ability to borrow.
House Speaker John Boehner released a statement Wednesday morning, signed by more than 150 economists, which backs his call for spending cuts that would exceed any increase in the debt limit.
"Increasing the debt ceiling without significant spending cuts and budget reforms will send a message to American job creators that we still are not serious about ending Washington's spending addiction," Boehner said in the statement.
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