July 23, 2011 / 2:21 PM / 8 years ago

Boehner to insist on deep cuts for debt increase

U.S. House Speaker John Boehner (R-OH) speaks at his news conference about the debt limit on Capitol Hill in Washington July 22, 2011. REUTERS/Yuri Gripas

WASHINGTON (Reuters) - House Speaker John Boehner will stick to his demand for spending cuts greater than the size of an increase in the U.S. debt limit at an 11 a.m. EDT meeting with President Barack Obama on Saturday.

A Boehner aide also said the top House Republican viewed Obama’s insistence of a debt limit increase that would carry the country to 2013 as a condition designed to suit the president’s re-election chances.

“It would be terribly unfortunate if the President was willing to veto a debt limit increase simply because the timetable prescribed would not be the ideal one for his re-election campaign,” the aide said.

Reporting by Alister Bull and Steve Holland; Editing by Todd Eastham

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