You heard the president's "we are not a deadbeat nation" speech (transcript coming shortly). Here is Boehner's response. Looks like nobody is rising above anything very fast.
From the Speaker's site
WASHINGTON, DC – House Speaker John Boehner (R-OH) issued the following the statement in response to President Obama’s comments today regarding the debt limit.
“The American people do not support raising the debt ceiling without reducing government spending at the same time. The consequences of failing to increase the debt ceiling are real, but so too are the consequences of allowing our spending problem to go unresolved. Without meaningful action, the debt will continue to act as an anchor on our economy, costing American jobs and endangering our children's future. The House will do its job and pass responsible legislation that controls spending, meets our nation's obligations and keeps the government running, and we will insist that the Democratic majority in Washington do the same.”