Bloomberg News

Boehner Says There’s ‘No Agreement in Private’ on Debt Limit

July 22, 2011

(Updates with LaTourette, starting in fourth paragraph.)

July 22 (Bloomberg) -- House Speaker John Boehner said today that “there is no agreement in private” on raising the U.S. debt ceiling.

Negotiators are “not close to an agreement,” the Ohio Republican told reporters after a meeting of the House Republican caucus. A “serious down payment” will be needed to reduce the debt, he said.

The White House and congressional leaders have been meeting to find a compromise on raising the federal debt ceiling before the government’s borrowing authority is exhausted on Aug. 2.

Representative Steve LaTourette, an Ohio Republican, said Boehner wasn’t optimistic about reaching a deal.

“The speaker was the most sort of melancholy I’ve seen him,” LaTourette said after the caucus meeting. “He wanted to, I think, report to the conference that substantial progress was being made, we’re moving in the right direction -- and he couldn’t give that report.”

LaTourette said “he’s feeling that he’s getting nowhere fast” and “I don’t even think there’s anything productive happening.”

--Editor: Leslie Hoffecker, Mark McQuillan.

To contact the reporters on this story: James Rowley in Washington at jarowley@bloomberg.net; Brian Faler in Washington at bfaler@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net


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