House Speaker John Boehner has revived the hard-line Republican stance on the debt ceiling. On Tuesday, Boehner said he would again block another increase to the federal debt limit unless it was offset by larger cuts to government spending. A similar move from Boehner and House Republicans last year consumed Washington and nearly brought about a U.S. default on its national debt. As Boehner issued the threat, Republican presidential candidate Mitt Romney campaigned in Iowa, where he challenged President Obama’s record on the economy.
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