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U.S. not to default on debt: House speaker

07-23-2011 08:27 BJT

WASHINGTON, July 22 (Xinhua) -- Top U.S. Republican leader John Boehner, who quitted debt talks with the White House Friday said he was "convinced" that the United States will not default on its debt.

"I want to be entirely clear. No one wants to default on the full faith and credit of the United States government. And I'm convinced that we will not," the speaker of the House of Representatives said at a press conference.

Beohner blamed the White House for the collapse of talks, citing two reasons that he walked out of the talks, including tax increases and spending cuts on social welfare.

"Let me just say that the White House moved the goalpost," Boehner insisted, saying the Obama administration had demanded 400 billion dollars more in extra revenues, which would have meant raising taxes.

But he said that he will accept the president's invitation to continue talks on Saturday with other Congress leaders, adding that his relationship with the president will not be permanently damaged.



Editor:Zhang Pengfei |Source: Xinhua

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