Source: Obama not making new fiscal cliff offer to Congress

By REUTERS
December 28, 2012 22:51

WASHINGTON - US President Barack Obama was not planning to make a new offer to avert the tax hikes and spending cuts that loom on Jan. 1 at a White House meeting with congressional leaders on Friday, a source familiar with the meeting said.

At the meeting, Obama was set to ask lawmakers to hold a vote on a plan that would allow taxes to rise on those who earn $250,000 and up, and that would extend unemployment insurance benefits, according to the source.


Related Content

Breaking news
June 22, 2018
Saudi women 'still enslaved', says activist as driving ban ends

By REUTERS