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Exclusive: Boehner Denies Debt Deal With Obama

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    Part 2: Speaker of the House on 'Special Report'

  • Duration 5:07
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Our long term fiscal issues you said today raising the debt ceiling is president Obama's problem.

That as you can imagine sparked a lot of reaction from Democrats -- read.

Said he was stunned about the statement take a quick listen.

Acting like a girl -- just.

Not mean walking out of the room every time.

-- get serious.

Republic I've done it time and time again the last few years so the conventional wisdom mr.

speaker is that over the weekend there was this deal.

Between you in the present you were very close and then you blew it up you walked away and another -- what I said on Friday.

But we were not close.

No we weren't conversations but I made it clear we -- this far apart -- on Friday.

On Saturday we were even further apart and that's what I've decided there was no reason for me to continue to be in these talks.

They were never serious about taking the kind of structural reforms.

-- our entitlement programs.

Double preserve them for the long term the others can't they continued to insist on raising taxes the other story line is that you were ready to make a deal on taxes and and house majority leader Kantor told you back now -- was there any daylight between you and the majority leader.

Eric and I have been in the same place all the way through we want the largest possible increases.

To make sure these programs are sustained for the long term so we can save Social Security save Medicare save Medicaid.

What's out raising taxes on the very people -- we expect to invest in our economy and to create jobs so what is next.

What if you don't get a deal.

I don't know.

This isn't self serious -- I think president understands -- serious business of my colleagues.

Well but I don't think that we can miss this opportunity.

I think it's important for us to do do this but if you look at what's going on in Europe right now.

The reason -- have no problems there have been over there is because they have failed to take the steps necessary.

To put their fiscal house in order.

That's what America has to do and we need to do it now.

Straight up or down how many votes you think you can lose on your side.

To get a debt ceiling increase sprays it really depends on how the package is put together.

And how much members know about there's no way you could make their predictions on on any given.

Set of assumptions at this point you lost 59 and the continuing resolution.

You have it seems like there's more than that number opposed to it now I would do -- -- a group and a statement there are a lot of members who just don't believe that raising the debt ceiling.

Under any circumstances -- -- of -- If the deal does not have major spending cuts -- not.

Now -- on the out years.

Or does not include entitlement reform in some way do you think you risk alienating.

A large portion of the Republican voting base that put you in this position in 2010 I don't.

There's such a proposal could pass the house.

In any way shape -- form.

How -- -- -- number of members who have -- vote to raise -- -- -- and -- I think a large block of members who believe that this really -- the moment.

To put our fiscal house in order to make sure that we transform these entitlement programs.

So that there are survivable from long term.

And I think that's where the block of those really are so senator McConnell is planned in your estimation could never pass the house I don't know that again.

And senator McConnell said -- a last ditch backup plan.

Will we get.

Here a couple weeks from now the women -- looking for all kinds of ideas about how we can make sure of the week we meet our obligations as a country.

Through to the deaths -- -- already been piled up what -- a financial disruption.

Look like after August 2 if the debt ceiling is not raised in your mind what would it look like nobody really knows well what would happen.

I don't think him -- -- world believes -- -- that the United States is gonna default.

On our -- not nobody believes that.

But.

Would give almost one on Europe.

-- -- spooked the market down -- in August 2 could spook the market.

And do you could -- -- catastrophe.

Nobody wants that to happen.

But I'll say this.

As dangerous is that -- that maybe.

I still think this is the time to do this.

Making the tough decisions today not kicking the can down the road is -- right thing to do for the country.

Do you believe you've been in these backdoor.

Meetings you've seen what the president has said publicly do you believe he's being an honest broker.

I think the president.

Is trying.

It's -- trying to get there.

But their insistence upon us raising taxes is continuing to prevent us.

From getting this done and his willingness to do -- much entitlement reform is possible.

In order to make sure that these programs were solid and sustainable for the next 45 years do you trust him.

I do.

Mr.

speaker thank you very much we look forward here and what's the next step -- do -- -- Coming up an --

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