Acceptable for Boehner’s budget cut demands to happen over five to ten years, says Capitol Hill source

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The Treasury has already warned that the government could default on its debt obligations August 2 if Congress does not vote to raise the debt ceiling.

In response to Boehner’s comments on the debt ceiling, the White House criticized the idea of tying the debt ceiling debate to necessary budget cuts.

“To hold hostage to the other remains extremely unwise,” said White House Press Secretary Jay Carney Tuesday afternoon.