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.
President Barack Obama ends his Hawaiian vacation and leaves for Washington aiming to make a bid to reach a fiscal-cliff deal before the year ends.
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.
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.
Buried in the stories and slightly visible behind the public posturing, signs are emerging that a deal considering ‘fiscal cliff’ is possible.
U.S. President Barack Obama speaks at the Rodon Group, a manufacturer of toys in Hatfield, Pennsylvania, November 30, 2012. Obama pushed for congress to resolve the issue of U.S. debt and Bush-era tax cuts that are set to expire at the end of the year.
Republicans began to show cracks after a conservative congressman said he would back an agreement with President Obama to raise tax rate for wealthy Americans but extend tax cuts for income below $250,000.
U.S.lawmakers will get round the table on Friday in order to tackle the ‘fiscal cliff.’
Mitt Romney accused Barack Obama on Saturday of standing by while a looming budgetary calamity unfolds in Washington.