House Speaker John Boehner said on Thursday that House Republicans will pass a bill to increase the debt limit of the federal government that includes spending cuts and what he described as “pro-growth reforms.”

“On the debt limit, we’re going to introduce a plan that ties important spending cuts and pro-growth reforms to a debt limit increase,” House Speaker John Boehner told reporters.

“We’re not going to ignore Washington’s spending problem and we’re not going to accept this new normal of a weak economy, no new jobs and shrinking wages,” he added.

On Wednesday, Treasury Secretary Jack Lew had sent Boehner a letter stating that the Treasury now estimates that the federal government will hit the current legal limit on its debt on Oct. 17.

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