To the surprise of no one, House Speaker John Boehner has reportedly offered to extend the debt limit for one year.
Via the Washington Post:
House Speaker John A. Boehner has offered to push any fight over the federal debt limit off for a year, a major concession that would deprive Republicans of leverage in the budget battle but is breathing new life into stalled talks over the year-end “fiscal cliff.”
The offer came Friday, according to people in both parties familiar with the talks, as part of the latest effort by Boehner (R-Ohio) to strike a deal with President Obama to replace more than $500 billion in painful deficit-reduction measures set to take effect in January.
Conservative tweeters were not pleased:
https://twitter.com/IngrahamAngle/status/280470119979835392
@DRUDGE_REPORT #Boehner is the best #Liberal the #Democrats have. #FireBoehner #tcot #Conservative #TEAParty #lnyhbt @RepRichardHanna
— Ronald Griffiths (@Ron_GriffithsJr) December 17, 2012
https://twitter.com/Phallus_hard/status/280475858630750208
It has happened before. In one year, it will happen again.
Update:
In other news, Boehner's office is pushing back on the WaPo debt limit story
— Zeke Miller (@ZekeJMiller) December 17, 2012
Any increase in the debt limit will require a greater amount in spending cuts and reforms. #spendingistheproblem
— John Boehner (@SpeakerBoehner) December 17, 2012
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