Boehner Sets Demands for Debt Deal, White House Tries to Salvage Talks

With bipartisan budget talks in disarray, House Speaker John Boehner on Friday set his demands for a deal that would allow Congress to approve an increase in the nation’s debt limit.

The statement, in which the top Republican in Congress ruled out tax increases, came as the White House announced top-level meetings would be held Monday “to discuss the status of the negotiations.” According to the White House, President Obama and Vice President Biden will meet separately with Senate Democratic Leader Harry Reid and Senate Republican Leader Mitch McConnell.

The impasse is left to Obama and top congressional leaders to resolve after the Biden-led talks crumbled on Thursday. House Republican Leader Eric Cantor and Sen. Jon Kyl, R-Ariz., the GOP negotiators, pulled out over concerns that Democrats were pushing too hard for tax hikes.

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