This document outlines Speaker Boehner's framework for a two-step approach to hold President Obama accountable on spending and debt. The framework includes (1) cutting spending more than increasing the debt limit, (2) implementing spending caps to restrain future spending, and (3) advancing a Balanced Budget Amendment. It would accomplish these goals without tax hikes by establishing a bipartisan committee to find $1.5 trillion in savings through entitlement reform and establishing automatic across-the-board cuts if Congress fails to enact the committee's proposals.