The New York Times: Reports that Republican Speaker of the House of Representatives John Boehner has withdrawn from seeking a deal on the debt ceiling with President Obama, the issue was the demand by the Oval for tax hikes. As the article notes the Speaker now wants a deal based on spending cuts not tax hikes. This is a good move by Speaker Boehner, the Oval will now have to defend why it wants tax hikes in a time of recession, also any deal will have spending cuts, this will send the liberal base up the wall and should hurt Obama in the 2012 race. Thus a wise policy and political move by the Speaker.
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