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July 23, 2011 9:30 pm

Boehner: Obama ‘Emphatic’ on Raising Taxes

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CBS – House Speaker John Boehner has walked away from negotiations with President Obama over a deal to raise the debt limit. “Mr. Obama is emphatic that taxes have to be raised and “adamant that we cannot make fundamental changes to our entitlement programs.” Boehner said.

Boehner will work instead with the Senate leadership in an attempt to reach a deal that meets the GOP’s two central requirements: That spending cuts are equal to or greater than debt limit increase and that there are no new taxes. “For these reasons, I have decided to end discussions with the White House and begin conversations with the leaders of the Senate in an effort to find a path forward,” he said.

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