Boehner exits budget talks with Obama
POSTED: Friday, July 22, 2011 - 4:04pm
UPDATED: Friday, July 22, 2011 - 4:24pm
WASHINGTON — House Speaker John Boehner has broken off talks with President Barack Obama on getting a budget deal to avert a government default.
The Ohio Republican says the president wants to raise taxes too high and won't make "fundamental changes" to benefit programs such as Medicare.
Top GOP aides say Boehner will now work with Senate leaders on an alternative aimed at averting a market-rattling, first-ever federal default.