Thursday, November 21, 2013

U.S. Republicans to keep cuts if budget talks fail -Boehner

U.S. Republicans to keep cuts if budget talks fail -Boehner
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WASHINGTON Thu Nov 21, 2013 12:11pm EST



WASHINGTON Nov 21 (Reuters) – U.S. House of Representatives Speaker John Boehner said on Thursday he hopes budget talks can lead to a fiscal 2014 spending plan, but if they fail Republicans intend to pursue a stop-gap measure that keeps automatic “sequester” spending cuts in place.


If the talks fail to provide government funding ahead of a Jan. 15 deadline, Boehner said he hopes the House is prepared to pass a temporary spending bill at levels set by the Budget Control Act, which specifies a $ 967 billion discretionary spending level after the automatic cuts start in January.



Reuters: Bonds News




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