The federal government may not be hit with a double whammy on top of the ongoing shutdown, as House Speaker John Boehner told a group of fellow GOP legislators that he won't let the nation default on its debt, according to a House Republican. CNN's Brianna Keilar reports.
Boehner said that he'd set aside the "Hastert Rule" - that Republicans would only bring measures up for a vote if they are backed by a majority of their caucus - and rely on Democrats to pass a measure to raise the nation's debt limit, said the House member. This legislator attended a meeting Wednesday involving Boehner, but requested anonymity because that gathering was private.
Congressional Republicans remain divided on how to structure legislation to raise the government's borrowing level. And an aide to the House speaker downplayed the development, saying, "Boehner has always said the United States will not default on its debt, so that's not news."
Tea Party Caucus member Rep. Tim Huelskamp (R-KS) reacts to President Obama's State of the Union address.
Christine Romans is minding your business with the latest on world markets and U.S. stock futures. Unemployment has hit a record high in the Eurozone, she reports. And a debt ceiling alarm bell rings on the home front. “The Bipartisan Policy Center saying the Treasury Department's going to run out of room on the debt ceiling earlier than we thought,” Romans says. “February 15th, they say.”
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