![]() House of Representatives Speaker John Boehner described as a “frank” conversation with President Barack Obama about the remaining hurdles to a deal.īoehner said Obama’s latest proposal for $1.4 trillion in new tax revenues did not fulfill his promise for a balanced approach to taming the federal deficit and could not pass Congress. WASHINGTON, Dec 12 (Reuters) - Sharp differences remained on Wednesday between congressional Republicans and the White House in talks to avert the “fiscal cliff” of steep tax hikes and budget cuts, and negotiators warned the showdown could drag on past Christmas.īoth sides refused to give any ground in public, one day after what U.S. * White House firm: no deal without higher tax rates on rich * Calls phone talk with Obama ‘pretty frank’ ![]() ![]() * Boehner warns talks could extend through holidays ![]()
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