President Barack Obama says he is prepared to do 'tough things' for a 'fiscal cliff' deal and says there is no reason for the talks to fail..
President Barack Obama says he is prepared to do 'tough things' for a 'fiscal cliff' deal and says there is no reason for the talks to fail.
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Breaking! Fiscal Cliff Drama between Reid & Boehner | Rep. John Boehner, Rep. Harry Reid obscenity-laced argument over fiscal cliff
Fiscal cliff negotiations between House Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) reportedly got heated last Friday.
According to Politico, several sources claimed to have overheard a verbal altercation between the two men in the White House lobby.
With no bipartisan agreement about the debt ceiling, spending cuts and tax increases in sight, Boehner reportedly pointed at Reid and said, 'Go f**k yourself.'
'What are you talking about?' Reid asked.
And Boehner again said, 'Go f**k yourself.'
The encounter occurred soon after Reid took to the Senate floor and argued that Boehner could have ended the fiscal cliff standoff by bringing up legislation passed by the Senate for a vote. Reid also accused Boehner of catering to members of his party rather than serving the country.
'The American people I don't think understand the House of Representatives is operating without the House of Representatives,' Reid said. 'It's being operated by a dictatorship of the speaker, not allowing the vast majority of the House of Representatives to get what they want.'
Despite the name-calling and angry rhetoric, a deal on the fiscal cliff was approved by both houses of C
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A bipartisan group of governors says they sought assurances from President Barack Obama that any cuts in spending to address the looming 'fiscal cliff' would not shift the financial burden onto states.
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So just what is this 'fiscal cliff' that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin? AP's Donna Cassata explains.
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Special interest groups are looking to protect their tax breaks ahead of fiscal cliff negotiations. (Nov. 26)
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Special interest groups are looking to protect their tax breaks ahead of fiscal cliff negotiations. (Nov. 26)
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The Treasury Secretary holds closed-door meetings with congressional leaders on avoiding the fiscal cliff, but no progress is reported.
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Speaker of the House John Boehner says it is time for the White House and Democrats to get serious about avoiding the so-called fiscal cliff, a combination of spending cuts and tax hikes that loom.
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With less than a month to go before the economy goes over the so-called fiscal cliff, each side has now made its opening proposal.
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In a very brief news conference, House Speaker John Boehner told reporters that President Barack Obama can support the recently introduced Plan B for avoiding the fiscal cliff or be responsible for the largest tax increase in American history.
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