In light of Tuesday's news that Moody's warned it will downgrade America's credit rating
if a deal isn't reached on the fiscal cliff, House Speaker John Boehner
said he's "not confident at all" that negotiations will be successful.
"Listen, the House has done its job on both the sequestration and the looming tax hike that will cost our economy 700,000 jobs. The Senate at some point has to act," Boehner told reporters on Tuesday.
With Bob Woodward
's book chronicling the collapse over last summer's debt ceiling negotiations
in the news, Boehner said, "I still look at my failure to come to an agreement with the president as the biggest disappointment of my speakership."
But Boehner's not getting too introspective. He still laid the blame for the failed negotiations on President Obama, saying "the president didn't want to have a second round of a fight over increasing the debt limit."