Boehner: Debt limit hike ‘needs to be done’ in June

Source: Raw Story
By Sahil Kapur

WASHINGTON – House Speaker John Boehner (R-OH) told reporters that the U.S. debt limit must be increased in the month of June, warning that delay could negatively impact financial markets.

"This really needs to be done over the next month if we are serious about no brinksmanship and no rattling investors," Boehner said Wednesday after meeting with President Barack Obama, calling on the president to "engage himself" in the negotiations. "I'm willing. I'm ready. It is time to have the conversation. It is time to play large ball, not small ball."

The remarks came on the day that U.S. stocks dropped by the highest figure in a single day since last August, suggesting growing signs of economic pessimism. Earlier this week the House struck down a "clean" debt limit increase, which Republicans pointed to as a sign that spending cuts are necessary to convince enough members of Congress to raise the ceiling.

More at: http://www.rawstory.com/rs/2011/06/02/boehner-debt-limit-hike-needs-to-be-done-in-june/

+1 :)