Posted: Sep 23, 2013 5:19 PM
Updated: Sep 23, 2013 5:19 PM
WASHINGTON (AP) House Republicans are far less ambitious in their demands for spending cuts to erase new debt issued to pay the government's bills than they were during a budget battle two years ago.
The list of cuts under consideration now tallies only a fraction of the additional borrowing permitted under a GOP proposal to permit the government to borrow almost $1 trillion to pay its bills through December of next year.
It's a break from the experience of two years ago, when House Speaker John Boehner, R-Ohio, insisted on spending cuts totaling $2.1 trillion as the price to meet President Barack Obama's demand for a like-sized increase in the government's borrowing cap, also known as the debt ceiling.