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.
The White House on Wednesday urged congressional Republicans not to stand in the way of a resolution in the U.S. Congress.
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.
U.S.lawmakers will get round the table on Friday in order to tackle the ‘fiscal cliff.’