Obama threatens veto on Boehner’s debt limit plan

President Barack Obama Tuesday threatened to veto Speaker of the House John Boehner’s debt limit proposal.

The threat came in a Statement of Administrative Policy (SAP) from the Office of Management and Budget. (RELATED: GOP divided over Boehner’s debt plan)

“The Administration strongly opposes House passage of the amendment in the nature of a substitute to S. 627,” reads the statement. “If S. 627 is presented to the President, the President’s senior advisors would recommend that he veto this bill.”

Obama has already endorsed the plan put forth by Senate Majority Leader Harry Reid, which would raise the debt limit through 2012. Boehner’s short-term fix drew criticism Tuesday, when market analysts said it would not prevent a downgrade in the country’s credit rating.

Some, however, have pointed out that the SAP is only close to being a veto threat because it only says “advisors would recommend” a veto.

Brendan Buck, a spokesperson for Speaker John Boehner emailed a statement saying, “The House plan is the only one with a pathway to the President’s desk, and we appreciate his apparent willingness to sign it. By signing the House bill, the President could quickly end the crisis atmosphere he’s created and demonstrate he’s serious about cutting spending.”

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