Fiscal Cliff

Boehner Talks About the “Fiscal Cliff”

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Republican House Speaker John Boehner accused President Barack Obama of pushing the country toward the "fiscal cliff." There are three weeks left before a combination of steep tax hikes and deep spending cuts kicks in unless Congress intervenes. Boehner said the administration had adopted a "my way or the highway" approach and was engaging in reckless talk about going over the cliff. "This isn't a progress report because there is no progress to report," Boehner told reporters at the Capitol. While Obama wants tax rates raised to 39.6 percent from 35 percent, he has not ruled out a smaller increase.



Read it at Reuters

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