Despite the failure of the Joint Committee on Deficit Reduction last month, Speaker John Boehner said he remains committed to trying to find a deal.
“The problem’s still there. We have a $15 trillion national debt. We’re going to add another $1.3 trillion worth of debt to it this year. This issue has to be addressed, and it has to be addressed now,” Boehner said.
“The Congress still must work with the president to find a solution to our long-term debt. ... I’m one of those who just never gives up, and I’m not going to give up here either,” he added.
Meanwhile, House Budget Chairman Paul Ryan (R-Wis.) told Congressional Quarterly on Wednesday that he would attempt to eliminate the automatic defense cuts in the budget blueprint he outlines next year. “Our budget will show how we will replace the sequester with a real fiscal fix,” Ryan said.
American flags decorate the hood of an antique Ford car in the 4th of July Parade in Ripley, W. Va., on July 4, 2014. The parade is billed as "the USA's largest small town Independence Day Celebration."