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Try to merge the two issues in a renewed quest for a grand bargain. Speaker boehner said today republicans will insist on spending cuts if theyre going to vote to raise the borrowing limit. I dont believe that we should default on our debt. Its not good for our country. But after 55 years of spending more than what you bring in, something ought to be addressed. This year well have more revenue than any year in the history of our country and yet still have a nearly 700 billion deficit. And i think the American People expect if were going to raise the amount of money we can borrow, we ought to do something about our spending problem and the lack of Economic Growth in our country. Reporter for his part, president obama said again hed be willing to negotiate on spending cuts and other issues, but only after the government reopens. In the meantime, the president , citing the shutdown and the debt ceiling fight, canceled his planned trip to asia for economic summits. Woodruff in other news,

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