US fiscal cliff talks stuck on spending cut demand

By REUTERS
December 31, 2012 20:18

WASHINGTON - US Senate negotiators trying to seal a pact to avert the "fiscal cliff" are hung up over demands that new spending cuts be found to pay for a cost associated with fixing a Medicare issue, according to a congressional aide.

The aide, who asked not to be identified, said the disagreement revolves around demands that $30 billion in spending cuts be found to prevent a significant pay cut to doctors treating elderly Medicare patients.

Without congressional action, that pay cut would begin on January 1 and it could discourage doctors from treating Medicare patients.


Related Content

Breaking news
April 21, 2018
Report: Gunfire outside king's home in Saudi Arabia

By JPOST.COM STAFF

Israel Weather
  • 14 - 25
    Beer Sheva
    16 - 22
    Tel Aviv - Yafo
  • 12 - 21
    Jerusalem
    15 - 21
    Haifa
  • 19 - 36
    Elat
    17 - 28
    Tiberias