Boehner throws cold water on Obama's sequester plan

Speaker John Boehner is signaling he will not accept revenue increases that President Barack Obama is expected to propose to delay the automatic spending cuts that take hold at the beginning of March. …

“We believe there is a better way to reduce the deficit, but Americans do not support sacrificing real spending cuts for more tax hikes,” he added. “The president’s sequester should be replaced with spending cuts and reforms that will start us on the path to balancing the budget in 10 years.”