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Boehner: House will compromise on debt limit

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WASHINGTON (AP) — House Speaker John Boehner said Thursday that Republicans controlling the chamber are willing to compromise on legislation increasing the government's borrowing authority.

"Frankly, I think it would be irresponsible on behalf of the Congress and the president not to be looking at back-up strategies for how to solve this problem," Boehner said. "At the end of the day, we have a responsibility to act."

Asked whether GOP lawmakers supporting the House "cut, cap and balance" debt limit measure would be unwilling to ultimately compromise, Boehner said, "I'm sure we've got some members who believe that, but I do not believe that would be anywhere close to the majority.

His talk of possible accommodation in the protracted political stalemate over federal budget policy came as the Senate took up the tea party-backed House legislation Thursday. It ties an increase in the government's borrowing authority to a series of conservative demands, including immediate spending cuts and a constitutional balanced budget amendment.

Majority Leader Harry Reid, D-Nev., called up the measure to placate Republicans demanding a vote. But he said it "doesn't have one chance in a million of passing the Senate."


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