President Obama said that House Republicans seem not willing to compromise over the so-called fiscal cliff.
President Barack Obama held out hope for a last-minute agreement to avoid the “fiscal cliff” of tax increases and spending cuts after a meeting with congressional leaders, scolding Congress for leaving the problem unresolved until the eleventh hour.
President Barack Obama and congressional leaders are to meet on Friday for the first time since November to reach an agreement on the so-called fiscal cliff.
The White House on Wednesday urged congressional Republicans not to stand in the way of a resolution in the U.S. Congress.
In remarks before flying to Hawaii for a break, Obama suggested reaching a short-term deal on taxes and extending unemployment insurance to avoid the worst effects of the “fiscal cliff” on ordinary Americans at the start of the New Year.
As a set deadline nears, Republicans in the U.S. House of Representatives poposed their own “fiscal cliff” plan that muddles negotiations with the White House considering tax rates and spending cuts.
After important concessions in recent days from both President Barack Obama and House of Representatives Speaker John Boehner, Republicans moved to increase pressure on the Democrats by vowing to vote in the House on a “Plan B” back-up measure that would largely disregard the progress made so far.
Barack Obama and House Speaker John A. Boehner moved close to agreement Monday considering the so-called ‘fiscal cliff,’ but several critical hurdlesthey are still to be cleared.
House Speaker John Boehner (R-Ohio) has offered to take the debt ceiling off the table for one year, marking a breakthrough in the speaker’s fiscal cliff negotiations with President Obama.
President Barack Obama and House Speaker John Boehner met on Thursday to discuss one more time impending tax hikes and spending cuts, nut nothing significant was offered.
Republicans and Democrats held “fiscal cliff” negotiations on Wednesday, but neither compromises nor solutions were reached.
Buried in the stories and slightly visible behind the public posturing, signs are emerging that a deal considering ‘fiscal cliff’ is possible.
In a series of taped interviews for the Sunday political shows, Treasury Secretary Timothy Geithner blamed the GOP for the impasse.