Impasse over fiscal cliff continues - Dec 14th, 2012 - National
The White House and many congressional Republicans are setting their sights on a more modest deal to avoid the fiscal cliff of tax increases and cuts in domestic programs in January. While House Speaker John Boehner has taken the lead in negotiations with the White House. A growing number of Senate Republicans are calling on their House colleagues to yield on their opposition to letting top tax rates increase on higher income earners.
The possibility of a more modest fiscal cliff agreement may slowly be gaining traction amid the continued impasse between the administration and House Republicans. Such a deal could extend middle class tax cuts and leave the heavier lifting for January.