Boehner: Quick Debt Deal Is Unlikely

The New York Times reports:

The Speaker of the House, John A. Boehner, said on Friday that no budget deal with President Obama and Congressional Democrats was imminent, while Mr. Obama also acknowledged “real differences” as the leaders prepared for a weekend of further talks.

“I'm ready to roll up my sleeves over the next several weeks and next several months,” the president said in brief comments at the White House. “I know that people in both parties are ready to do that as well.”

Mr. Boehner said that there were still significant obstacles in the way of an agreement to increase the federal debt ceiling and avert a default on the nation’s debts.

“There is no agreement, in private or in public,” Mr. Boehner, Republican of Ohio, said at a news conference Friday morning. “It’s not like there is some imminent deal about to happen,” he added. “This is a Rubik’s cube that we have not worked out yet.”