Boehner to ask for short debt increase: AP sources
WASHINGTON (AP) - House of Representatives Speaker John Boehner will ask Republicans to approve a short-term extension of the US government's ability to borrow to meet its bills and avoid a default, Republican aides said on Thursday.
Most economists say the default that could result from not increasing the US debt limit would deal a staggering blow to the world economy. Some Republicans have downplayed the harm a default would cause.
Mr Boehner is slated to urge his staunchly conservative House colleagues to act before the government runs out of borrowing authority next week. The aides who spoke required anonymity to reveal the information before Mr Boehner makes an announcement after a closed-door meeting with his Republican colleagues.
Republicans have been insistent that budget cuts and other measures be added to the so-called debt ceiling legislation but the aides wouldn't say whether he'll seek to add other material to the measure.