Arab Today, arab today republicans brush off white house fiscal cliff plan
Last Updated : GMT 04:54:35
Arab Today, arab today
Arab Today, arab today

Republicans brush off White House \"fiscal cliff\" plan

Arab Today, arab today

Arab Today, arab today Republicans brush off White House \"fiscal cliff\" plan

Washington - XINHUA

The White House made an offer to the House Republicans to avert the fiscal cliff but got a GOP cold shoulder, aides familiar with the talks said on Thursday. U.S. Treasury Secretary Timothy Geithner, the lead negotiator of President Barack Obama, presented House Speaker John Boehner a plan which would raise 1.6 trillion dollars in tax revenue. In exchange for the added tax revenue, Democrats would give in on 400 billion dollars in spending cuts in entitlement programs. The offer also included a payroll tax increase and a permanent increase in the debt limit. However, the plan was brushed off by the GOP congressmen as Boehner said right after the meeting with Geithner that \"no substantive progress\" has been made during last two weeks. \"I\'ve made clear that we put real concessions on the line by putting revenues on the table tight up front. Unfortunately, many Democrats continue to rule out sensible spending cuts that must be part of any significant agreement that will reduce our deficit,\" Boehner added. Despite apparent disappointment, he said he is still optimistic a deal can be reached. Unless the Congress acts by the end of this year, a combination of tax hikes and sweeping spending cuts, dubbed the \"fiscal cliff\" and with a combined amount of about 600 billion dollars, is set to kick in. Democrats and Republicans have so far locked horns over how to reduce the nation\'s public debt hovering at 16.2 trillion dollars and tide over the \"fiscal cliff.\"

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 republicans brush off white house fiscal cliff plan Arab Today, arab today republicans brush off white house fiscal cliff plan

 



Arab Today, arab today

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 republicans brush off white house fiscal cliff plan Arab Today, arab today republicans brush off white house fiscal cliff plan

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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