Boehner throws in the towel on the debt limitSubmitted by meekandmild on Tue, 02/04/2014 - 18:35
Just days away from the deadline to extend the nation's borrowing limit, Speaker John Boehner (R-Ohio) told House Republicans in a private meeting not to fight it, according to Roll Call.
Said Boehner: "There's no sense picking a fight we can't win."
Despite calls from House Budget Chairman Paul Ryan (R-Wisc.) to insist on concessions from President Obama, Boehner knows it's not possible without risking default on the nation's debt.
Treasury Secretary Jacob Lew set a deadline of Friday to pass a bill. He said that otherwise he would need to take "extraordinary measures" to stretch out the current borrowing authority until the end of the month.