Obama sees debt ceiling leading to tough budget talks

The White House has reacted cooly to a suggestion by Sen. Kent Conrad (D-N.D.) that it convene a budget summit based on the president's debt commission report soon. That report went down to defeat in the commission last week but got the bipartisan support of 11 of 18 members. The White House is concentrating on producing its February budget proposal in anticipation of a debt ceiling negotiation in the spring.

Obama said he takes House Speaker-designate John BoehnerJohn Andrew BoehnerWary GOP eyes Meadows shift from brick-thrower to dealmaker Bottom line Cheney battle raises questions about House GOP's future MORE (R-Ohio) "at his word" that Republicans, like Democrats, are not "willing to see the full faith and credit of the United States government collapse."

 "And so I think that there will be significant discussions about the debt limit vote.  That’s something that nobody ever likes to vote on.  But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern.  You can’t just stand on the sidelines and be a bomb thrower," Obama said.