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U.S. administration urges Republicans not to block "fiscal cliff" deal
Yahoo ^

Posted on 12/26/2012 4:06:28 PM PST by Sub-Driver

U.S. administration urges Republicans not to block "fiscal cliff" deal By Mark Felsenthal | Reuters – 58 mins ago

HONOLULU (Reuters) - As President Barack Obama cut short a Christmas vacation to resume talks to avoid the "fiscal cliff" of automatic year-end tax hikes and spending cuts, the White House on Wednesday called on congressional Republicans not to stand in the way of a resolution in the U.S. Congress.

"It's up to the Senate Minority Leader not to block a vote, and it's up the House Republican leader, the Speaker of the House ... to allow a vote," a senior administration official told reporters traveling with the president.

Obama is seeking a stripped down deal to prevent tax rates from rising on all but the wealthiest Americans and to stop steep across-the-board spending cuts.

The White House last week proposed a broader package that would have let tax rates stay low for those making up to $400,000, a compromise from the president's previous rate hike threshold of $250,000.

House of Representatives Speaker John Boehner was unimpressed with the offer and sought unsuccessfully to push his own proposal through Congress, but members of his own Republican Party balked at rate hikes of any kind. Talks broke down after that and the president and lawmakers left town for the holiday.

The focus will shift to the Senate for a deal, where Obama will rely on an ally, Senate Majority Leader Harry Reid, to work out a bill that the top Senate Republican, Kentucky's Mitch McConnell, will not obstruct. The House must also pass the measure.

A broader effort to trim the nation's massive budget deficit will have to wait, the official said.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: bsarticle; fiscalcliff; obama; yahoo; yahoonews
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To: chiller
Stop it now, or I'm gone and so are the Republicans. This madness can't continue.

reluctantly agree.

21 posted on 12/26/2012 8:46:07 PM PST by RginTN
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To: Sub-Driver

What “deal”? Obama hasn’t done anything but run his mouth. He has yet to submit any sort of written plan that can be scored by the CBO.

In the meantime, Mushmouth Boehner can’t seem to get this one crucial fact across to the American people.


22 posted on 12/26/2012 10:39:59 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier
In the meantime, Mushmouth Boehner can’t seem to get this one crucial fact across to the American people.

That my friend is the HUGE core issue problem.

NO LEADERSHIP and NO COMMUNICATION skills.

Boehner reminds me of a seeing eye dog who itself is BLIND.

23 posted on 12/26/2012 11:27:14 PM PST by VideoDoctor
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To: Sub-Driver
U.S. administration

I hardly ever see the Obama administration called the "U.S" administration, but alas and sadly, it is one and the same, even though I have never felt Obama represents me and my values.

24 posted on 12/27/2012 7:53:41 AM PST by PapaNew
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To: Sub-Driver

You wanted high taxes America.

Now pay them.


25 posted on 12/27/2012 3:50:01 PM PST by Tzimisce (What do you do when every every branch of the government is corrupt and aligned against you?)
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