Arab Today, arab today obama top republican discuss fiscal cliff deal
Last Updated : GMT 11:36:46
Arab Today, arab today
Arab Today, arab today

Obama, top Republican discuss fiscal cliff deal

Arab Today, arab today

Arab Today, arab today Obama, top Republican discuss fiscal cliff deal

Washington - AFP

US President Barack Obama held fresh talks with top Republican lawmaker John Boehner at the White House, in their latest effort to reach a deal to avoid the so-called fiscal cliff. Obama and Boehner, the speaker of the House, met for about 45 minutes -- the latest in a series of meetings between the two protagonists in the negotiations as they seek to forge a compromise aimed at preventing tax hikes and federal spending cuts from kicking in beginning January 1. Treasury Secretary Timothy Geithner also joined the talks. \"The president believes that the parameters of a potential agreement are clear,\" White House spokesman Jay Carney told reporters. That hardly ensures a deal, but The Washington Post reported Monday that signs have emerged that the two sides had narrowed their differences and could be close to shaking hands on an agreement which would see $1 trillion in new tax revenues and $1 trillion in spending cuts over the next decade. Carney would not characterize the discussions other to describe them as \"frank and direct and deliberate,\" but he also said Obama had essentially rejected the latest offer by Boehner. \"We have not seen a proposal besides the president\'s that achieves the balance that the president insists be part of a deal, because we can\'t have a situation where deficit reduction is borne unduly or primarily by the middle class or by seniors,\" Carney said. Several phone calls and three face-to-face Obama-Boehner meetings in the past eight days have raised hopes, however, that a deal is possible by the end of the year. \"It\'s fair to say that we have continued to engage in communications with the speaker\'s office and his staff and with other leaders and their staffs,\" Carney said. And with Friday\'s horrific shooting at an elementary school in Connecticut diverting lawmakers\' attention and muting the rhetoric on the deficit battle, negotiations were left to proceed Monday largely out of the media glare. Republicans at least publicly have refused to go along with Obama\'s call to raise taxes on all US households earning more than $250,000 per year as part of his plan to raise $1.6 trillion in new tax revenues over the next decade. Boehner has offered $800 billion in new revenue through the closing of loopholes and the elimination of tax deductions, but not by raising tax rates on the rich. Obama has dropped his revenues request to $1.4 trillion. In a concession Friday, Boehner sweetened his offer, reportedly agreeing to back tax hikes on those making more than $1 million per year provided spending cuts to entitlement programs like Medicare are part of the deal. The Post reported on its website that the outlines of an agreement were emerging, with a compromise on tax hikes likely settling on people making more than $500,000 or $750,000 per year, with additional revenue raised by limiting certain tax deductions. The total revenue raised would be a bit more than $1 trillion, while spending cuts also would raise another $1 trillion, the Post reported, without offering specifics. It also said any final plan would likely include fresh stimulus spending that Obama has pushed for, including an extension of unemployment insurance and some infrastructure spending, and a lifting of the US debt ceiling for another year. If a deal emerges in the coming days -- and manages to pass both chambers of Congress -- it would go a long way toward removing a massive cloud of uncertainty over the US and global economies. But Boehner would still need to sell the ingredients to Republicans, many of whom oppose any new tax hikes. While the two sides forge ahead, Senate Majority Leader Harry Reid, a Democrat, warned fellow senators to prepare for an abbreviated Christmas holiday. \"It appears that we\'re going to be coming back on the day after Christmas to complete work on the fiscal cliff,\" Reid said. Republican House Majority Leader Eric Cantor said as much last week. If no agreement is reached by year\'s end, taxes rise on all Americans on January 1, followed by some $110 billion in spending cuts in 2013, split evenly between military and civilian programs. Congressional economists say tumbling over the fiscal cliff could send the US economy back into recession.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama top republican discuss fiscal cliff deal Arab Today, arab today obama top republican discuss fiscal cliff deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama top republican discuss fiscal cliff deal Arab Today, arab today obama top republican discuss fiscal cliff deal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday