Countdown to the Fiscal Cliff – December 12, 2012

December 12, 2012 in U.S.

In latest efforts to break the ice, President Barack Obama and Speaker John Boehner have spoken on the phone and discussed offers and counter-offers.

A proposal by the President met with a counter-proposal from Boehner, but no details are as yet available on these discussions.

Meanwhile mutual trading of charges seems to be the order of the day.

Obama, in an interview: “I’m pretty confident that Republicans would not hold middle-class taxes hostage to trying to protect tax cuts for high-income individuals.”

Boehner, from the House floor, regarding inadequate spending cuts: “The longer the White House slow-walks this process, the closer our economy gets to the fiscal cliff.”



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