WASHINGTON - Democrats and Republicans are on another collision course over increasing US borrowing authority as US President Barack Obama told Republicans on Wednesday that he does not want spending cuts to accompany such legislation.
House of Representatives Speaker John Boehner and Senate Republican leader Mitch McConnell met at the White House with Obama and Democratic congressional leaders.
A Boehner aide said the Speaker - the top-elected Republican - asked Obama if he is proposing that Congress pass a debt limit increase without spending cuts.
"The president said, 'yes,'" the aide said. On Tuesday, Boehner took a hard stance when he warned that any debt limit increase, which likely will be needed at the end of the year, would have to come with spending cuts that would more than offset the higher borrowing authority.