Boehner: House Debt Plan is 'Doable and Signable'

By ANDREW TAYLOR | July 28, 2011 | 2:14 PM EDT

WASHINGTON (AP) — House Speaker John Boehner says his plan mixing spending cuts in exchange for raising the nation's $14.3 trillion debt limit is not perfect but is as large a step that a divided government can take that's "doable and signable" by President Barack Obama.

The Ohio Republican says the measure is an honest and sincere attempt at compromise and was negotiated with Democrats last weekend and that passing it would end the ongoing debt crisis. The plan blends $900 billion-plus in spending cuts with a companion increase in the nation's borrowing cap.

But the White House has promised a veto since the measure also would require another debt limit increase early next year and Senate Democrats vow to kill the measure tonight.

Boehner declined to say whether further compromise was possible.