66°
Baton Rouge, Louisiana
3 Day Outlook
Fri
85°
69°
20%
Sat
86°
69°
60%
Sun
85°
70°
50%
Follow our weather team on social media

Obama, Boehner speak by phone on fiscal cliff

2 years ago December 05, 2012 Dec 5, 2012 Wednesday, December 05 2012 Wednesday, December 05, 2012 3:37:48 PM EST in News
Source: Associated Press

WASHINGTON - President Barack Obama and House Speaker John Boehner discussed the fiscal cliff Wednesday in a telephone call. It followed several days of political sparring over steps to prevent a year-end series of tax increases and spending cuts.

The call raises the possibility that negotiations will soon resume between the White House and congressional leaders.

Obama is demanding that Republicans agree to raise tax rates at upper incomes as part of a deal to rein in future deficits. GOP leaders say they will agree to higher revenue, but they want to close loopholes or reduce tax breaks rather than raise rates.

A spokesman for Boehner disclosed the call.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Partly Cloudy
89°
70°
Fri
Partly Cloudy
85°
69°
Sat
PM T-Storms
86°
69°
Sun
PM T-Storms
85°
70°
Mon
Scattered T-Storms
83°
70°