Boehner Calls for Debt Deal in June

The Hill reports:

House Speaker John Boehner (R-Ohio) said Wednesday that he wants to strike a deal on the nation’s debt limit over the next month.

Boehner’s comments could change the timetable for a bipartisan agreement, which many lawmakers and Wall Street analysts had previously assumed would not be ironed out until right before the August congressional recess.

His statements could also be an attempt to shield the GOP from blame if the stock market plunges next month in the absence of a deal.

In a press briefing with reporters, Boehner said that waiting until later in the summer could negatively affect financial markets. He claimed an agreement “needs to be done over the next month.”

He added that he told President Obama just that at a White House meeting earlier on Wednesday. Boehner said the the president told House Republicans Wednesday that he wants a deal as soon as possible. For the past several months, administration officials -- including Obama -- have been urging Congress to move swiftly.

The Ohio Republican said there is no need to wait for “a magical date,” asserting he is “ready to get on with it.”