A day before the federal government is said to be reaching its debt limit House Speaker John Boehner urged President Obama to sit down with him and strike a deal on raising the debt ceiling which is currently at $14.29 trillion.
Many senators like Mitch McConnell believe this is a good time to talk about spending cuts.
“Rather than thinking of this as a crisis, I think of this as an opportunity to come together,” he said adding that he would not support tax increases as part of the deal.
McConnell said he would not sign a debt limit deal unless there were significant cuts to Medicare and Medicaid.
Boehner also spoke out against the idea of taxes being raised on the American public and businesses. He also said that all Republicans aren’t on the same page when it comes to raising the debt ceiling, but he believes it has to be done.
“I think it is necessary, but I understand the doubts,” Boehner said. “At some point it’s clear to me that we have to raise the debt ceiling.”