Boehner sets up another debt limit fight herve leger

And now, House Speaker John Boehner (R, Ohio) is drawing a new line best mens shoes in the sand, making another showdown over the debt almost inevitable. Boehner issued the warning Tuesday, declaring, "We shouldn't dread the debt limit. (As a) matter of fact, I think we should welcome it." Boehner says Republicans won't allow another increase in the nation's debt limit unless it's offset by spending cuts, and no tax increases. "Allowing America to default on its debt would be irresponsible," he said. The nation's debt has nearly tripled in the past decade, and now stands at $15.6 trillion. Treasury Secretary Timothy Geithner has predicted the U.S. will hit its current borrowing limit of $16.4 trillion by the end of the year. Congress will have to raise that limit to avoid a damaging default on the nation's debt payments. On the Blue Herve Leger Square Neck Bandage Dress Sale campaign trail, Mitt Romney echoed Boehner's hard line, saying, "Washington has been spending too much money, and our new president made things worse." This is the second time Republicans are demanding deep cuts in exchange for their vote to raise the debt limit. Last summer, a "grand bargain" between Speaker Boehner and the president to cut trillions from the debt fell apart. After weeks of bitter fighting, the two parties passed a bill to prevent default, but still triggered a downgrade of U.S. credit. Democrats argue Boehner's latest comments don't bode well for compromise this time. "The American people have had enough of this brinkmanship. They want us to get things done," says Senate Majority Leader Harry Reid (D, Nev.) Virginia's Mark Warner, a Democrat, is part of a bipartisan group that's trying to build support from both sides for a mix of entitlement reforms, spending cuts, and new revenue from taxes. "I spend a lot of time talking with my colleagues who know in their gut we've gotta do this," Warner says. Former President Clinton spoke at the same economic forum as Boehner Tuesday and said he's optimistic that, after the November elections, the two sides will have more incentives to compromise on the debt limit lid.

North Korea shelled the island last month, hours after a similar drill

South Koreans are anxiously waiting to see power balance if North Korea will make good on its threat to take military action in response to a live-fire artillery drill on Yeonpyeong island.

North Korea shelled the island last month, hours after a similar drill. South Korea's marines conducted the exercise just hours after an emergency meeting of the United Nations Security Council failed to calm tensions on the Korean peninsula.

South Korea defied diplomatic pressure and went ahead Monday with firing artillery into the Yellow Sea, escalating its confrontation with the communist North.

Defense officials stress the shelling was to the southwest online shop, away from North Korea. But Pyongyang has threatened to retaliate, contending the waters are its territory. It warned that the exercise risks starting a war.

South Korean Foreign Ministry spokesman Kim Young-sun says the exercise is routine and legitimate.

Kim says the artillery drill is for self-defense and part of the country's sovereign right.

A few hours before the exercise, the United shop Nations Security Council failed to reach a consensus on lowering tensions on the Korean peninsula.

Diplomats say China, among other nations, would not back a statement condemning North Korea for recent aggressive behavior, including the shelling of Yeonpyeong island last month.

North Korea shelled the island last month, hours after a similar drill

South Koreans are anxiously waiting to see power balance if North Korea will make good on its threat to take military action in response to a live-fire artillery drill on Yeonpyeong island.

North Korea shelled the island last month, hours after a similar drill. South Korea's marines conducted the exercise just hours after an emergency meeting of the United Nations Security Council failed to calm tensions on the Korean peninsula.

South Korea defied diplomatic pressure and went ahead Monday with firing artillery into the Yellow Sea, escalating its confrontation with the communist North.

Defense officials stress the shelling was to the southwest online shop, away from North Korea. But Pyongyang has threatened to retaliate, contending the waters are its territory. It warned that the exercise risks starting a war.

South Korean Foreign Ministry spokesman Kim Young-sun says the exercise is routine and legitimate.

Kim says the artillery drill is for self-defense and part of the country's sovereign right.

A few hours before the exercise, the United shop Nations Security Council failed to reach a consensus on lowering tensions on the Korean peninsula.

Diplomats say China, among other nations, would not back a statement condemning North Korea for recent aggressive behavior, including the shelling of Yeonpyeong island last month.