Boehner confident government won't default

July 22, 2011 - 6:45 PM
Congress Debt Showdown

House Speaker John Boehner of Ohio speaks at a news conference on Capitol Hill in Washington, Thursday, July 21, 2011. (AP Photo/Susan Walsh)

WASHINGTON (AP) — House Speaker John Boehner says he's confident congressional leaders will be able to come together to avoid a government default in the wake of the collapse on budget talks with President Barack Obama.

Boehner accused Obama of "moving the goal posts" by demanding $400 billion in tax increases on top of about $800 billion in revenues that would have been reaped through a comprehensive rewrite of the tax code.

The Ohio Republican said he'll be attending a White House meeting Saturday morning aimed at coming up with a fallback plan to raise the government's borrowing cap — but he said spending cuts of a commensurate size will still have to be attached.