Speaker John BoehnerJohn Andrew BoehnerHouse conservatives plot to oust Liz Cheney Ex-Speaker Boehner after Capitol violence: 'The GOP must awaken' Boehner congratulates President-elect Joe Biden MORE (R-Ohio) said Wednesday that he wants to strike a deal on the nation's debt limit over the next month.

In a press briefing with reporters, BoehnerJohn Andrew BoehnerHouse conservatives plot to oust Liz Cheney Ex-Speaker Boehner after Capitol violence: 'The GOP must awaken' Boehner congratulates President-elect Joe Biden MORE said he is concerned that waiting until later in the summer could negatively affect financial markets.

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Boehner said an agreement "needs to be done over the next month."

He added he told the president just that at a White House meeting earlier on Wednesday.

The Ohio Republican said there is no need to wait for "a magical date," saying he is "ready to get on with it."

Treasury Secretary Timothy Geithner has set an August 2 deadline to raise the nation's debt ceiling after which Geithner says the government will default.

Boehner reiterated that any deal must have major spending reductions and not raise taxes.