But he did say he subscribed to the so - called «Boehner rule» that demands one dollar in spending cuts for every dollar increase in the debt ceiling. (businessinsider.com)
Increases in the debt ceiling allow the Treasury to borrow more money and increase the national debt to a level higher than previously allowed by law. (politics.stackexchange.com)
Republicans are demanding spending cuts to reduce the budget deficit as the price for supporting an increase in the debt ceiling. (canadianbusiness.com)