White House threatens veto of Boehner debt bill

Hahaha……what a talk…sure use VETO power liao… Ellection is near Mr Kobama :p

 

 

WASHINGTON (MarketWatch) -- President Barack Obama's advisers would recommend that he veto a bill authored by House Speaker John Boehner to cut government spending and raise the debt ceiling in two stages, the White House said Tuesday. The House is expected to vote on the Republican bill on Wednesday. Senate Democrats have offered a competing proposal to cut spending and lift the debt ceiling. The Treasury Department says the debt ceiling needs to be raised before Aug. 2 or the government will begin defaulting on obligations.