Boehner calls off debt talks; Obama says he left 'extraordinarily fair' deal on table

Washington (CNN) --The president said his administration had offered "an extraordinarily fair deal" to cut expenditures and raise revenues, in return for Congress agreeing to hike the nation's debt ceiling. - Boehner calls off debt talks; Obama says he left 'extraordinarily fair' deal on table - What if the debt ceiling isn't raised?